Gerresheimer AG, a leading manufacturer of glass and plastic products for the pharma and life science industry, is selling its consumer healthcare business. The Dsseldorf-based company is thereby disc…
Gerresheimer AG, a leading manufacturer of glass and plastic products for the pharma and life science industry, is selling its consumer healthcare business. The Dsseldorf-based company is thereby discontinuing operations which are not part of the core business of pharmaceuticals and life science. “The consumer healthcare business did not fit in with our strategy of focussing on the fields of pharmaceutics and life science. In addition, because of the lack of synergies with the core business, our return requirements for the consumer healthcare business were not fulfilled”, said Gerresheimer CEO Dr. Axel Herberg. The consumer healthcare business, which comprises the production of toothbrushes and other interdental articles and most recently achieved annual sales of EUR 24 million, was part of the Wilden Group, which was acquired in January 2007. The purchaser is the Krallmann Group. The transaction takes place with effect on 1 June 2008. The parties have agreed to keep further details confidential. Early in 2008, Gerresheimer discontinued its marginal business of aluminium packaging with sales of EUR 3.3 million.