Latham & Watkins Advises Gerresheimer on Sale of Centor and Its Global Primary Packaging Plastics Business
Gerresheimer Glass Inc., USA, Gerresheimer Glas GmbH, Gerresheimer Group GmbH, and Gerresheimer AG (Gerresheimer), entered agreements with funds advised by Apax Partners LLP regarding the sale of Centor US Holding Inc., USA, as well as Gerresheimer’s global Primary Packaging Plastics business. The total purchase price for the two business units is based on a combined enterprise value of approximately €1.5 billion. Latham & Watkins LLP has advised Gerresheimer on both transactions. In addition to the Centor site in the United States, the transaction includes a total of 15 production sites for primary plastic packaging in nine countries. In 2025, the two businesses generated combined revenue of approximately €570 million with a total of around 2,400 employees.
Gerresheimer is an innovative systems and solutions provider and a global partner for the pharma, biotech, and cosmetic industries. The transactions are subject to customary closing conditions and approvals and will be closed independently of one another. The sale of Centor is expected to close by the end of financial year 2026, while the sale of the global Primary Packaging Plastics business is expected to close in the first half of financial year 2027.
The Latham team was led by Düsseldorf corporate partner Ingo Strauss and Chicago corporate partner Jason Morelli, with Chicago partner Bradley Faris, counsel Katharina Intfeld, and associates, Katie Connelly, Meghan McDuff, Noah Hellum, Eric Winnestaffer, Meg Lloyd, Jaclyn Malmed, Laura Geraci, Oliver Jans, Dominique Brieger, Sönke Bock, Konstantin Neumann, Thomas Sandt, and Thimo Brand. Advice was also provided on IP matters by Frankfurt partner Susan Kempe-Müller and New York partner Pelin Serpin, with associate Johannes Huschka; on banking and private credit matters by Munich partner Christian Jahn, with counsels Martina Eisgruber and Shahid I Jamil, and associate Yan Ma; on antitrust matters by counsel Wesley Lepla, with associate Sylvia Zhang; on tax matters by Hamburg partner Verena Seevers and Chicago partner Rene de Vera, with associates Andrea Strackerjan and Valerie Silva Parra; on employment matters by Chicago partner Benjamin Rosemergy, with associates Alyssa Dantoin and Victoria Wolfe; and on environmental matters by associate Brandon Kerns.