HomeMergers & AcquisitionsGerman converter makes plastics pharma move

German converter makes plastics pharma move

Gerresheimer Glas in Germany has signed a purchase agreement for the acquisition of Blitz LuxCo, the holding company of the Bormioli Pharma Group, which manufactures pharmaceutical primary packaging made of glass and plastics, as well as closure solutions, accessories and dosing systems. The purchase price of €800 million ($868m) corresponds to an EBITDA multiple of…

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