Gerresheimer Sells Assets to Private Equity Firm Apax Partners
German packaging company Gerresheimer has announced the sale of two businesses—its Primary Packaging Plastics (PPP) division and Ohio-based Centor US Holding—to an affiliate of London-based private equity firm Apax Partners. The combined enterprise value is approximately €1.5 billion, with the PPP deal expected to close by mid-2027 and Centor's sale likely finalized before the end of 2026. The transaction aims to reduce Gerresheimer’s leverage as it carries around €2 billion in debt. The company has faced regulatory scrutiny over its accounting practices since last September, though recent audited results showed organic growth in plastics and devices segments. CEO Uwe Röhrhoff emphasized the strategic shift toward high-value drug delivery systems and injectable packaging. Apax Partners plans to expand PPP’s presence in the US market with additional capital for innovation and capacity expansion.
Topics: debt reduction pharmaceutical packaging private equity acquisition