Germany's Gerresheimer divests Technical Plastics business

02-Jul-09

Gerresheimer AG, a leading manufacturer of glass and plastic products for the pharma & life science industry, has sold its Technical Plastics operations, which are not part of the MDAX company's core business, to the FBH Group, Bad Soden, Germany. As a result, the company will focus on its core pharma and life sciences business. The Technical Plastics business has so far been part of Gerresheimer Wilden GmbH. Complex injection-molded plastic components for the automobile industry are manufactured by around 430 employees at plants in Germany, the Czech Republic and Mexico. Sales by this business, including the tool business which is also being sold, totaled EUR 74 mln in FY 2008. The purchase price including the debts taken over amounts to EUR 12 mln. The purchaser is a company in the FBH Group, Bad Soden, to which Thermoplast Technik Beteiligungs-AG, a medium-sized manufacturer of injection-molded parts, belongs. Components for the automobile industry are manufactured in five production plants. Through the sale, FBH will expand its plant network and existing product range.