Gerresheimer Acquires Brazilian Pharmaceutical Plastic Packaging Company VédatBy Gerresheimer Ag, PRNE
Monday, March 21, 2011
DÜSSELDORF, Germany, March 22, 2011 - Gerresheimer AG, one of the leading worldwide suppliers to the
pharma and healthcare industry, has acquired the Brazilian company Védat to
strengthen its pharmaceutical plastic packaging business in South America.
Védat is a major Brazilian manufacturer of pharmaceutical plastic packaging
products, especially plastic closures.
"Expanding in emerging markets is a key component of our
growth strategy. The acquisition of Védat, a technology leader and very
profitable company in Brazil, is significantly strengthening our position in
the South American pharmaceutical primary packaging market. It perfectly fits
our strategy of doubling our sales in the emerging markets from EUR 100
million to EUR 200 million by 2013," commented Uwe Röhrhoff, CEO of
Védat has an excellent positioning in the South American
market for pharmaceutical plastic packaging. Its product portfolio comprises
plastic closures, PET bottles and other plastic containers and the majority
of its customers are in the South American pharmaceutical industry.
Gerresheimer already manufactures pharmaceutical plastic packaging and
medical plastic systems for the South American market at three plants in
Brazil and one plant in Argentina.
"Now that we have the combination of bottles and closures, we
can provide a fully comprehensive range of products and services to our South
American pharmaceutical customers on a one stop shop basis. Védat will help
us to take an important step forward as a full-service partner for
pharmaceutical plastic packaging in South America," added Uwe Röhrhoff.
Védat, located in Sao Paolo, Brazil, generated annual sales of
BRL 106 million (approximately EUR 45 million) in 2010 and it employs
approximately 450 people.
Please visit www.vedat.com.br for further information
Gerresheimer AG Benrather Strasse 18 - 20 40213 Düsseldorf Germany Jens Kürten Director Corporate Communication & Marketing Telephone +49-211-6181-250 Fax +49-211-6181-241 E-mail email@example.com Internet www.gerresheimer.com
Gerresheimer AG, Benrather Strasse 18 - 20, 40213 Düsseldorf, Germany, Jens Kürten, Director Corporate Communication & Marketing, Telephone +49-211-6181-250, Fax +49-211-6181-241, E-mail j.kuerten at gerresheimer.com
Tags: Dusseldorf, Germany, Gerresheimer AG, March 22