Bormioloi Pharma Issues Binding Offer to Acquire GCL Pharma
Bormioli Pharma recently announced the issuing of a Binding Offer for the acquisition of 100% of GCL Pharma, an Italian subsidiary of the Guala Closures Group, specialized in the production of plastic, rubber, and aluminium closures for pharmaceutical applications.
In 2019, GCL Pharma recorded a turnover of approximately 8 M€. Over the years the company has demonstrated strong innovation capabilities by continuously improving its product range to meet the most stringent pharma standards. The company main premises and production plant are located in Vasto (Chieti). The aggregate purchase price offered for the acquisition is 8,9 M€.
“With the acquisition of GCL Pharma, we will continue our growth path,” said Andrea Lodetti, CEO of Bormioli Pharma. “We aim to strengthen our industrial footprint by adding new technologies that allow to extend our product range, especially in the oral and parenteral segments, activating further business synergies.”
Marco Giovannini, Group Chairman and CEO of Guala Closure Group, added “This disposal will allow the Guala Closures Group to fully-focus on its core business, and specifically on high value closures with increased growth prospective, including connected closures”.
Closing of the transaction is expected in the next few weeks.
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