Stevanato to Acquire Balda
On January 29 during an extraordinary general meeting the shareholders of Balda AG, Bad Oeynhausen, Germany, agreed sell the operating units of the Balda Group to the Italian Stevanato Group for a purchase price of EUR 95 million.
The decision came after a bidding war between Stevanato Group, Piombino Dese, Italy, and Heitkamp & Thumann Group, Düsseldorf, Germany, with each one topping previous offers. Stevanato will now own all operating units of the Balda Group, including Balda C. Brewer Inc. and Balda Precision Inc., both in California. Balda also agreed to change the name of the remaining company to Clere AG.
Founded in 1949, the Stevanato Group is the world’s largest, privately owned designer and producer of glass parenteral packaging for the pharmaceutical industry. The group is comprised of 10 companies and has 2,100 employees.
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