Luxembourg, 23 May 2024
Bormioli was acquired by Triton in 2017 via a corporate carve out, having been identified as a future winner benefiting from increasing demand for sustainable packaging while providing drug stability and patient safety. The company has since been transformed into an important player in pharma packaging, present in over 100 countries, has approx. 1,500 employees with sales of over EUR 370 million.
Triton helped Bormioli to reach its potential by bolstering its management team; reshaping its organisational and operational structure; expanding and upgrading the company’s manufacturing base with state-of-the-art technology; establishing one of the first pharma packaging solutions based upon recycled materials; and integrating four strategic acquisitions that bolstered its product portfolio and geographical presence.
Moritz Gudenus, Investment Advisory Professional at Triton, said: “We would like to sincerely thank Bormioli’s entire team for their hard work and commitment in unlocking the company’s potential. Our investment in Bormioli is another example of Triton’s approach of backing future winners in our core sectors and applying our operational approach to helping them reach their full potential. We believe that Gerresheimer is a great strategic fit to continue Bormioli’s success story.”
Andrea Lodetti, CEO of Bormioli Pharma Group, adds: “With the support of Triton, we were able to build out our positions across pharma packaging, with one-stop-shop capabilities in terms of technology as well as product offering. We thank the Triton team for their support and look forward to our next chapter of growth with Gerresheimer.
BNP Paribas and Goldman Sachs International acted as M&A financial advisors.