Gerresheimer AG — M&A Activity 2007

Dec 21, 2007

News Details

Ad-hoc | 21 December 2007 14:45

Gerresheimer AG:Gerresheimer expands its pharmaceutical plastic operations into Southern Europe and South America Gerresheimer acquires the Spanish company EDP S.A.

Gerresheimer AG / Acquisition

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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Gerresheimer expands its pharmaceutical plastic operations into Southern
Europe and South America Gerresheimer acquires the Spanish company EDP S.A.

Gerresheimer AG is consistently continuing its strategy of globalisation
and expansjon of its product range in the pharma and life science sector.
Through the acquisition of EDP S.A. in Spain it gains a leading
manufacturer of pharmaceutical plastic packaging which contributes to the
Group a total of three plants in Southern Europe and South America. The
transaction is expected to be completed at the end of January 2008.

As a leading specialist for pharmaceutical primary packaging and
application systems, Gerresheimer has for a considerable time enjoyed a
strong position with glass products such as syringe systems and
pharmaceutical vials; in parallel it has expanded its pharmaceutical and
medical plastics business, so far in Europe particularly. The acquisition
of the new company specialising in plastic substantially expands its sphere
of activity in this segment.

EDP S.A. with production plants in Spain (Zaragoza and Valencia) and
Argentina (Buenos Aires) concentrates on PET containers for the
pharmaceutical industry and is the market leader in this important field.
The company’s annual sales total around €32m.

Full integration of the new company into the Group is to be completed in
the first half of 2008. The new subsidiary currently achieves an EBITDA
margin of around 17%. Through targeted technical and financial optimisation
measures the EBITDA margin should be increased to well above 20%.

21.12.2007 Financial News transmitted by DGAP

Language: English
Issuer: Gerresheimer AG
Benrather Straße 18-20
40213 Düsseldorf
Deutschland
Phone: +49-(0)211/61 81-00
Fax: +49-(0)211/61 81-295
E-mail: info@gerresheimer.com
Internet: http://www.gerresheimer.com
ISIN: DE000A0LD6E6
WKN: A0LD6E
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart

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