Gerresheimer
Encyclopedia
Gerresheimer is a German
packaging company headquartered in Düsseldorf, Germany. It is a leading manufacturer of speciality products made of glass and plastic for the pharmaceutical and life science industry. The portfolio of products ranges from pharmaceutical vials to complex drug delivery systems such as syringe systems, insulin pens and inhalers for safe medication dosage and application.
Until 2000, the company was 51% owned by Viag AG. Gerresheimer was acquired that year by Invescorp and the private equity unit of Chase Manhattan Bank, which worked with management to shift the company away from commoditized products such as beverage bottles to more specialized packaging. In 2004, Blackstone Group
bought the company and continued the shift in product mix. After a series of acquisitions expanded the business, Blackstone took the company public in Frankfurt in 2007. It was the largest IPO to that point that year.
In April 2008 Blackstone sold his remaining Gerresheimer stakewhich increased the free float to 100% and the trading volume of the Gerresheimer shares. Therefore Gerresheimer became a candidate for the German stock exchange index MDAX
and was included in it on December 22, 2008.
With its world-wide locations in Europe, North America, South America and Asia and about 40 production operations Gerresheimer is a global company.
The group consists of four divisions, Tubular Glass, Moulded Glass, Plastic Systems and Life Science Research.
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
packaging company headquartered in Düsseldorf, Germany. It is a leading manufacturer of speciality products made of glass and plastic for the pharmaceutical and life science industry. The portfolio of products ranges from pharmaceutical vials to complex drug delivery systems such as syringe systems, insulin pens and inhalers for safe medication dosage and application.
Until 2000, the company was 51% owned by Viag AG. Gerresheimer was acquired that year by Invescorp and the private equity unit of Chase Manhattan Bank, which worked with management to shift the company away from commoditized products such as beverage bottles to more specialized packaging. In 2004, Blackstone Group
Blackstone Group
The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...
bought the company and continued the shift in product mix. After a series of acquisitions expanded the business, Blackstone took the company public in Frankfurt in 2007. It was the largest IPO to that point that year.
In April 2008 Blackstone sold his remaining Gerresheimer stakewhich increased the free float to 100% and the trading volume of the Gerresheimer shares. Therefore Gerresheimer became a candidate for the German stock exchange index MDAX
MDAX
The MDAX is a stock index which lists German companies. The index is calculated by Deutsche Börse.It includes the 50 Prime Standard shares from sectors excluding technology that rank immediately below the companies included in the DAX index...
and was included in it on December 22, 2008.
With its world-wide locations in Europe, North America, South America and Asia and about 40 production operations Gerresheimer is a global company.
The group consists of four divisions, Tubular Glass, Moulded Glass, Plastic Systems and Life Science Research.