Gerresheimer grows in the emerging markets and acquires Indian pharma glass manufacturer Neutral Glass

Düsseldorf/Mumbai (ots) -

- Cross reference: Press release is available at
http://www.presseportal.de/dokumente -

Gerresheimer AG, one of the world's leading partners of the pharma
and healthcare industry, is committed to growth in the emerging
markets. It acquires a majority shareholding in the Indian company
Neutral Glass & Allied Industries Pvt. Ltd. to help it achieve this
aim. Having local production operations in the emerging markets is
strategically significant for Gerresheimer due to the rapid growth of
the pharma sectors there. Gerresheimer already has five plants in
South America, seven in China and representative offices in Moscow
and Mumbai, providing it with a strong presence in the emerging
markets. Now it also has a modern pharma glass production facility in
India.

"The Indian pharma market is gaining in international significance
and it is growing at an impressive rate. Neutral Glass is a leading
manufacturer of high quality glass pharmaceutical packaging products
which has achieved profitable growth over recent years. Our
acquisition of a majority shareholding in Neutral Glass will help us
to strengthen our position in the emerging markets and to drive our
growth in India," commented Uwe Röhrhoff, CEO of Gerresheimer AG.

Neutral Glass is a leading manufacturer of pharmaceutical primary
packaging made of glass based in Mumbai with a modern moulded glass
plant in Kosamba (Gujarat Province, India). Neutral Glass produces
pharmaceutical primary packaging products such as glass vials for
liquid medications and infusions, as well as injection bottles.
Gerresheimer has acquired a 70% stake in the company from the owner
family, which has retained 30% of the shares. The signing took place
today, the closing is expected in short term. In the 2010/11
financial year, Neutral Glass generated annual revenues of
approximately INR 1.0bn (around EUR 15m) and it has some 600
employees. Neutral Glass's quality management systems have been
certified as compliant with ISO 9001:2008.

Gerresheimer took over the leading Brazilian manufacturer of
pharmaceutical plastic packaging products in March 2011. With five
plants in South America, seven in China and the new plant in India,
plus representative offices in Moscow and Mumbai, Gerresheimer is
well represented in the fast-growing BRIC nations (Brazil, Russia,
India and China). Gerresheimer's declared objective is to double
revenues in the emerging markets from EUR 100m in 2010 to EUR 200m in
2013. In addition to organic growth, acquisitions such as the Neutral
Glass acquisition and the acquisition of the Brazilian company last
year will play an important role in taking Gerresheimer closer to
achieving its revenue growth objective.

Contact:
Jens Kürten
Director Corporate Communication & Marketing
Telephone +49 211 6181-250
Fax +49 211 6181-241
E-mail j.kuerten@gerresheimer.com
Internet www.gerresheimer.com