Bormioli Pharma issues a binding offer to acquire GCL Pharma

| Business function | Bormioli Pharma | Bergantino RO | Italy

Bormioli Pharma, a Company leader in the production of pharmaceutical glass and plastic primary packaging, continues investing to become a stronger player in the sector.

This further acquisition, that follows the one of Remy & Geiser completed last Autumn, would allow the Company to enlarge its product range consolidating its ability to support the most demanding Pharma players.

Bormioli Pharma announces today the issuing of a Binding Offer for the acquisition of 100% of GCL Pharma, an Italian subsidiary of the Guala Closures Group, specialised in the production of plastic, rubber and aluminium closures for pharmaceutical applications.

In 2019 GCL Pharma recorded a turnover of approximately 8 M€. Over the years the company has demonstrated strong innovation capabilities by continuously improving its product range to meet the most stringent pharma standards. The company main premises and production plant are located in Vasto (Chieti).

The aggregate purchase price offered for the acquisition is 8,9 M€.

“With the acquisition of GCL Pharma, we will continue our growth path. – says Andrea Lodetti, CEO of Bormioli Pharma – We aim to strengthen our industrial footprint by adding new technologies that allow to extend our product range, especially in the oral and parenteral segments, activating further business synergies”.

Marco Giovannini, Group Chairman and CEO of Guala Closure Group commented: “This disposal will allow the Guala Closures Group to fully-focus on its core business, and specifically on high value closures with increased growth prospective, including connected closures”.

Closing of the transaction is expected in the next few weeks.