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Gerresheimer Sells Technical Plastics Business

02 Jul 2009 - Gerresheimer AG has sold its Technical Plastics operations, which are not part of the company's core business, to the FBH Group, Bad Soden, Germany. "Through the sale of the Technical Plastics segment Gerresheimer has - as formerly announced - taken a further step in its focus on the core business of pharma & life science," says Dr. Axel Herberg, CEO of Gerresheimer AG.
 
The Technical Plastics business has so far been part of Gerresheimer Wilden GmbH. Complex injection-molded plastic components for the automobile industry are manufactured by around 430 employees at plants in Germany, the Czech Republic and Mexico. Sales by this business, including the tool business which is also being sold, totaled EUR74m in the financial year 2008.
 
The purchase price including the debts taken over amounts to EUR12m. The transfer takes place with effect from July 1, 2009.