DÜSSELDORF, Germany, February 4 /PRNewswire-FirstCall/ --
- Sales up by 48% at EUR958 Million - EBITDA Margin Reaches High Level of 19%
- Another Acquisition in the Target Segment of Pharmaceutical Plastics in South America: Brazilian Market Leader for Pharma Plastic Taken Over
According to provisional figures, Gerresheimer AG has just completed another record year. In 2007 the company achieved sales of EUR957.7m, up by 48.1%; the adjusted Group EBITDA margin reached 19%. "This gratifying development completely and fully confirms our strategy," says Dr. Axel Herberg, Chief Executive Officer of Gerresheimer AG: "With the help of acquisitions we have successfully expanded our global presence and set the course for further growth."
Rapid expansion of operations in the South American pharma and life science market
Shortly after taking over EDP S.A. with production in Spain and South America, this international company based in Dusseldorf, Germany, now announces the acquisition of ALLPLAS Embalagens Ltda. (Sao Paulo), which is the market leader for pharmaceutical plastic packaging in Brazil. This marks the successful completion of another important step in the global expansion of the Gerresheimer Group.
For Gerresheimer's Plastic Systems Division, finalisation of the latest contract puts the cap on a dramatic move into South America. It was only at the end of December last year that Gerresheimer, as reported, acquired EDP, the Spanish market leader for pharmaceutical PET bottles, thereby also establishing a foothold in South America for the first time. With Allplas, which operates two production plants in Sao Paulo, Gerresheimer now already has three strategically important bases in the region.
The Brazilian company is a well-established supplier to the
pharmaceutical industry, with innovative products and a reputation for high
quality. Allplas manufactures high-calibre vials and application and
closure systems for
|SOURCE Gerresheimer AG|
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