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Funds advised by Triton ("Triton"), alongside co-investors, have signed an agreement to sell Blitz LuxCo Sarl, the holding company of Bormioli Pharma Group ("Bormioli" or "the company"), a leading producer of pharmaceutical packaging, to Gerresheimer, an innovative systems and solutions provider and global partner for the pharma, biotech, and cosmetics industries. The transaction is subject to regulatory approvals and expected to close in the fourth quarter this year.
Bormioli was acquired by Triton in 2017 via a corporate carveout, having been identified as a future winner benefitting from increasing demand for sustainable packaging while providing drug stability and patient safety. The company has since been transformed into an important player in pharma packaging,...
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