EQS-News

Triton to sell Blitz LuxCo Sarl, the holding company of the Bormioli Pharma Group

Issuer: Triton Beratungsgesellschaft GmbH / Key word(s): Mergers & Acquisitions Triton to sell Blitz LuxCo Sarl, the holding company of the Bormioli Pharma Group 23.05.2024 / 07:32 CET/CEST The issuer is solely responsible for the content of this announcement. Triton to sell Blitz LuxCo Sarl, the holding company of the Bormioli Pharma Group

Luxembourg, 23 May 2024 - Funds advised by Triton (“Triton”), alongside co-investors, have signed an agreement to sell Blitz LuxCo Sarl, the holding company of Bormioli Pharma Group (“Bormioli” or “the company”), a leading producer of pharmaceutical packaging, to Gerresheimer, an innovative systems and solutions provider and global partner for the pharma, biotech, and cosmetics industries. The transaction is subject to regulatory approvals and expected to close in the fourth quarter this year.

Bormioli was acquired by Triton in 2017 via a corporate carveout, having been identified as a future winner benefitting from increasing demand for sustainable packaging while providing drug stability and patient safety. The company has since been transformed into an important player in pharma packaging, present in over 100 countries, has approx. 1,500 employees with sales of over EUR 370 million.

Triton helped Bormioli to reach its potential by bolstering its management team; reshaping its organisational and operational structure; expanding and upgrading the company’s manufacturing base with state-of-the-art technology; establishing one of the first pharma packaging solutions based upon recycled materials; and integrating four strategic acquisitions that bolstered its product portfolio and geographical presence.

Moritz Gudenus, Investment Advisory Professional at Triton, said: “We would like to sincerely thank Bormioli’s entire team for their hard work and commitment in unlocking the company’s potential. Our investment in Bormioli is another example of Triton’s approach of backing future winners in our core sectors and applying our operational approach to helping them reach their full potential. We believe that Gerresheimer is a great strategic fit to continue Bormioli’s success story.”