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Germany's Gerresheimer to sell two units to Apax for $1.71 billion including debt - Finance news and analysis from Global Banking & Finance Review
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Germany's Gerresheimer to sell two units to Apax for $1.71 billion including debt

Published by Global Banking & Finance Review

Posted on July 29, 2026

1 min read

· Last updated: July 29, 2026

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Gerresheimer Sells Centor and Packaging Plastics Units to Apax for $1.71B

Major Divestment in Pharmaceutical Packaging Sector

Details of the Transaction

July 29 (Reuters) - German drugs packaging firm Gerresheimer said on Wednesday it was selling two of its packaging units to private equity group Apax Funds for €1.5 billion ($1.71 billion) including debt.

Units Involved in the Sale

The sale involves the company's U.S. packaging business Centor and its global Primary Packaging Plastics unit, Gerresheimer said. 

Financial Terms and Currency Conversion

($1 = 0.8776 euros)

Reporting and Editorial Credits

(Reporting by Anusha Shah in Bengaluru; Editing by Mrigank Dhaniwala)

Key Takeaways

  • The sale involves two units: Centor (U.S. operations) and the Primary Packaging Plastics unit, under Apax Funds for €1.5 billion (~$1.71 billion) including debt (exchange rate €1 = $1.14).
  • Gerresheimer initiated the sale to optimize capital and financing amid an ongoing accounting investigation and delayed 2025 financial results publication.
  • The divestment aligns with its broader transformation strategy to focus on pharma and biotech packaging solutions; it follows earlier strategic moves like separating the Moulded Glass business.

Frequently Asked Questions

What units is Gerresheimer selling to Apax?
Gerresheimer is selling its U.S. packaging business Centor and its global Primary Packaging Plastics unit to Apax Funds.
What is the value of the Gerresheimer and Apax deal?
The deal is valued at €1.5 billion ($1.71 billion), including debt.
Who is acquiring Gerresheimer’s packaging units?
Private equity group Apax Funds is acquiring Gerresheimer’s Centor and Primary Packaging Plastics units.
Where is Gerresheimer based?
Gerresheimer is a German drugs packaging firm based in Düsseldorf, Germany.

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