Gerresheimer sells two packaging units for €1.5 billion to Apax Partners affiliate
German packaging company Gerresheimer has agreed to sell its Centor business in the US, along with its global Primary Packaging Plastics unit, to an affiliate of funds advised by private equity firm Apax Partners for a combined enterprise value of €1.5 billion ($1.7 billion). The proceeds from the sale will be used to reduce debt and optimize Gerresheimer’s capital structure. The Centor business supplies packaging systems for dispensing prescription drugs in the US, while the global Primary Packaging Plastics unit operates 15 manufacturing sites across nine countries. In 2025, these units generated combined revenue of approximately €570 million and employed around 2,400 people. Gerresheimer expects to complete the Centor sale by the end of FY26 (calendar year 2026) and finalize the plastics business deal in early FY27. The company aims to refocus on high-value segments such as drug delivery systems and medical devices.
Topics: debt reduction packaging private equity