Gerresheimer acquires Indian pharma plastic packaging manufacturer Triveni

Düsseldorf/New Delhi (ots) -

- Cross reference: The 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, today announced that it has acquired the
majority shareholding in the Indian company Triveni to further
accelerate its growth in the emerging markets. Triveni is a leading
manufacturer of plastic containers and closures for the pharma
industry with a strong track record of more than a decade production
of regulated pharma packaging.

"This acquisition is well aligned to our strategy of enhancing our
footprint in the emerging markets. Triveni is a leading and fast
growing company with excellent profitability that provides high value
for us. Our global expertise combined with the excellent local
manufacturing capabilities of Triveni will speed up our growth in the
emerging countries," commented Hans-Jürgen Wiecha, CFO of
Gerresheimer AG.

Triveni Polymers Ltd. Pvt. is a leading producer of pharmaceutical
plastic packaging in India with more than 300 employees with office
in New Delhi and with a plant in the nearby city of Kundli (Haryana
Province, India). Established in 1979 it was the first Indian company
in 1995 to get approval by the American FDA (Food and Drug
Administration) for crucial Drug Master Files (DMF) for plastic
containers and closures. In the 2011/12 financial year, Triveni
generated annual revenues of approximately INR 1.3 bn (around EUR 20
m). Gerresheimer acquires a 75% stake in the company for an EBITDA
multiple of approximately 10 times. The owners retain 25% of the
shares, among them the current managing director who will continue to
serve in this position. Closing of the acquisition is expected still
in December 2012.

In April 2012 Gerresheimer took over Neutral Glass, a leading
Indian manufacturer of pharmaceutical glass packaging products. With
five plants in South America, six in China and now two plants in
India, as well as a representative office in Moscow, Gerresheimer is
well represented in the fast-growing emerging countries.
Gerresheimer's declared objective is to double revenues in the
emerging markets from EUR 100m in 2010 to EUR 200m in 2013. In the
financial year 2011 Gerresheimer achieved revenues of about EUR 140m
in the emerging markets.

Contact:
Gerresheimer AG
Benrather Strasse 18 - 20
40213 Düsseldorf
Germany

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