Bormioli Pharma completes acquisition of the German company Remy & Geiser GmbH
Parma (Italy), 8 October 2019 – Bormioli Pharma S.p.A. (“Bormioli Pharma”), a Triton Fund IV company, announced today the successful completion of its acquisition of Remy & Geiser GmbH (“R&G”), a German company active in the business of plastic and glass primary packaging mainly used in the pharmaceutical industry.
The acquisition is a significant step on the growth path that Bormioli Pharma has undertaken since December 2017, when it became an independent company owned by Triton.
R&G develops, manufactures and sells closure, dosing systems, pipette droppers and tubular glass vials. R&G employs approximately 270 people and operates through two plants located in Altenfeld and Schleusingen, Germany.
“This acquisition is part of a wider development plan aimed to make Bormioli Pharma a truly global and innovative player”, Andrea Lodetti, Bormioli Pharma’s CEO, affirmed. “Through this operation Bormioli Pharma reinforces its presence in the German and Northern European markets, expands its current offering with complementary products and strengthens its manufacturing footprint adding more technological capabilities”.
“We are proud to become a part of a solid and international group like Bormioli Pharma” Dr. Friedrich Hillebrand, Remy & Geiser’s owner commented. “With this step Remy & Geiser achieves further development potential and broadens its future horizons. It is a project I strongly believe in, and I am honored to join the Group as Member of the Board of Directors”.
About Bormioli Pharma
Bormioli Pharma operates in close partnership with the pharmaceutical industry and with all the businesses that are engineering the future of healthcare. As a world-renowned player in the packaging industry, the company serves the pharmaceutical and biopharmaceutical market with integrated glass and plastic containers, closures, and packaging accessories using state-of-the-art materials and technologies. Each product is a unique combination of rigorous studies, cutting-edge technology, extreme testing, advanced industrial processes, and the finest materials. Bormioli Pharma has a global presence in 90 countries, with 900 employees and 5 plants in Europe specialized in the manufacturing of glass and plastic packaging for pharmaceutical, generics, and biotech companies, and CMOs. Every year the company produces 5 billion pieces with around 230 million euros in annual sales. As a partner to the pharmaceutical industry, Bormioli Pharma invests and innovates with one goal in mind: improving people’s lives.
About Remy & Geiser GmbH
R&G has been a well-renowned player for 150 years, known in Germany for its plastic and glass high-quality products and brand reliability. The company manufactures and sells closures, dosing systems, pipette droppers and glass converting vials. With approximately 270 people and 2 plants operating in Germany, R&G registered a turnover of 25.6 million euros in 2018.
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 40 companies currently in Triton's portfolio have combined sales of around €16 billion and around 77,600 employees.
For further information: www.triton-partners.com