Gerresheimer
 |
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| Aktiengesellschaft | |
| Traded as | : GXI |
| Industry | Manufacturing |
| Founded | 1864 |
| Founder | |
| Headquarters | Düsseldorf, Germany |
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Key people
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Uwe Roehrhoff (CEO and chairman of the executive board), Dr. Axel Herberg (Chairman of the supervisory board) |
| Revenue | €1,377.2 million (2015) |
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Number of employees
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10,684 (November 2015) |
| Website | www.gerresheimer.com |
Gerresheimer AG (formerly Gerresheimer Glass AG) is a German manufacturer of primary packaging products for medication and drug delivery devices made of special-purpose glass and plastics with headquarters in Düsseldorffor the pharmaceutical and cosmetics industries. The company has production operations in Europe, the Americas and Asia.
Gerresheimer Glas AG was established in 1864 by Ferdinand Heye (1838-1889). He managed the company until 1888, when it was converted into a stock corporation. The company's name was changed from "Ferd. Heye, Glas-Fabrik, Gerresheim bei Düsseldorf" into "Actien Gesellschaft der Gerresheimer Glashüttenwerke, vorm. Ferd. Heye, Gerresheim bei Düsseldorf". When Heye died in 1889, his son Hermann joined the company's management board aged 23 and was appointed as Board Chairman in 1891. In 1907, Hermann Heye founded "Europäischen Verband der Flaschenfabriken GmbH". The company purchased the patent rights to the Owens machine, the first fully automated bottling machine, for Europe. It was put into operation at Gerresheimer in 1908. Hermann remained at the helm of the company until his death in 1941. From then on, his son-in-law Niels von Bülow headed the company's management board as its oldest member.
In 1959 the US company Owens-Illinois of Toledo (Ohio) acquired a 50.1% stake in Gerresheimer, followed by a majority shareholding in 1971. One year later, in 1972, the company name was changed to "Gerresheimer Glas AG". From November 1985 onwards, Gerresheimer Glas AG became an independent company again. The new majority shareholder was the Westdeutsche Landesbank (WestLB), which acquired around 58% of the shares in Gerresheimer Glas AG from Owens Illinois. VIAG acquired a majority shareholding in WestLB in 1990. In April 2000, when it merged with VEBA, VIAG sold its majority shareholding in Gerresheimer Glass AG to a consortium led by private equity investor Investcorp in order to fund the foundation of E.ON. This meant Gerresheimer Glas being de-listed from the stock exchange in 2003. The US investment group Blackstone bought the company at the end of 2004.
From the 1990s onwards, Gerresheimer underwent a gradual strategic reorientation. Gerresheimer had been one of the biggest European manufacturers of beer and water bottles. However, this division was spun off and the company shifted its focus to special packaging for the pharmaceutical, life sciences and cosmetics industries.
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