Gerresheimer seals $1.7bn deal to sell two packaging businesses to Apax

Gerresheimer has agreed to offload Centor and its planetary Primary Packaging Plastics concern to an affiliate of funds advised by backstage equity institution Apax Partners.

The 2 units person a combined endeavor worth of €1.5bn ($1.7bn). No different fiscal presumption were made public.

Each transaction volition proceed separately and remains taxable to customary closing conditions and approvals.

The German packaging institution said the merchantability proceeds volition beryllium utilized to "significantly optimise" its superior and financing operation done leverage reduction.

Gerresheimer main fiscal serviceman Wolf Lehmann said: "We volition usage the expected currency inflows to accelerate our indebtedness reduction. Together with the planned broad refinancing, this volition importantly trim our involvement expenses and execute a sustainable superior structure."

The Apax Funds volition instrumentality implicit the concern that supplies packaging systems for dispensing medicine drugs successful the US, on with the planetary superior integrative packaging operation.

The merchantability covers the Centor tract successful the US, arsenic good arsenic 15 manufacturing locations for superior integrative packaging crossed 9 countries.

In 2025, the 2 operations posted combined gross of astir €570m and employed 2,400 radical successful total.

Gerresheimer expects the Centor transaction to beryllium completed by the extremity of fiscal twelvemonth 2026 (FY26).

The merchantability of the planetary Primary Packaging Plastics concern is projected to adjacent successful the archetypal fractional of FY27.

Gerresheimer CEO Uwe Röhrhoff said the divestment volition alteration the institution to sharpen its absorption connected "high-value" cause transportation systems, aesculapian devices and superior packaging for injectable drugs.

Gerresheimer reported a consolidated nett nonaccomplishment of €318.7m successful FY25, compared with an adjusted nett income of €84.3m the erstwhile year.

Its show was deed by non-cash depreciation, amortisation and impairments totalling €521.5m.

In April, the packaging radical turned down a takeover connection from US-based Silgan, according to a Reuters report.

"Gerresheimer seals $1.7bn woody to merchantability 2 packaging businesses to Apax" was primitively created and published by Packaging Gateway, a GlobalData owned brand.