Gerresheimer AG, a worldwide supplier to the pharma and
healthcare industry, has acquired the Brazilian company Vedat to strengthen its
pharmaceutical plastic packaging business in South America.
Vedat is a major Brazilian manufacturer of pharmaceutical plastic packaging
products, especially plastic closures.
“Expanding in emerging markets is a key component of
our growth strategy. The acquisition of Vedat, a technology leader and very
profitable company in Brazil,
is significantly strengthening our position in the South American
pharmaceutical primary packaging market. It perfectly fits our strategy of
doubling our sales in the emerging markets from EUR 100 million to EUR 200
million by 2013,” commented Uwe Rohrhoff, CEO of Gerresheimer AG.
Vedat 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. 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.
“Now that we have the combination of bottles and
closures, we can provide a fully comprehensive range of products and services
to our South American pharmaceutical customers on a one stop shop basis. Vedat
will help us to take an important step forward as a full-service partner for
pharmaceutical plastic packaging in South America,”
added Uwe Rohrhoff.
Vedat, located in Sao
generated annual sales of BRL 106 million (approximately EUR 45 million) in
2010 and it employs approx-imately 450 people.