Gerresheimer Acquires Brazilian Védat
Gerresheimer AG, Düsseldorf, Germany, has acquired the Brazilian company Védat, Sao Paolo, to strengthen its pharmaceutical plastic packaging business in South America. Védat is a major Brazilian manufacturer of pharmaceutical plastic packaging products, especially plastic closures.
According to Uwe Röhrhoff, CEO of Gerresheimer AG, the acquisition perfectly fits Gerresheimer’s strategy of doubling their sales in the emerging markets from EUR 100 million to EUR 200 million by 2013.
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. The company generated annual sales of BRL 106 million (approximately EUR 45 million) in 2010 and it employs approximately 450 people.
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.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.