Who owns BLITZ LUXCO?

BLITZ LUXCO has been 100% owned by GERRESHEIMER since May 2024.

At what enterprise value was BLITZ LUXCO acquired in 2024?

During the acquisition of BLITZ LUXCO by GERRESHEIMER in 2024, the transaction's Enterprise Value is estimated to be in the range of €500M–1.5bn.

What was the EV/EBITDA of BLITZ LUXCO when it was acquired by GERRESHEIMER?

The estimated EV/EBITDA multiple for BLITZ LUXCO is in the range of 10x - 18x.

What was the EV/Revenue multiple of BLITZ LUXCO when it was acquired by GERRESHEIMER?

The estimated EV/Revenue multiple for BLITZ LUXCO is in the range of 1x - 3x.

When was BLITZ LUXCO acquired by GERRESHEIMER?

BLITZ LUXCO was acquired by GERRESHEIMER in 2024.

What was the revenue of BLITZ LUXCO at the time of the deal?

The revenue of BLITZ LUXCO at the time of the deal is estimated to be in the range of €250–500M.

What was the EBITDA of BLITZ LUXCO during the acquisition?

BLITZ LUXCO's EBITDA is estimated to be in the range of €50–100M.

How is the data for the BLITZ LUXCO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BLITZ LUXCO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.gerresheimer.com/kunden/unternehmen/neuigkeiten/detail/gerresheimer-uebernimmt-blitz-luxco-sarl-die-holding-gesellschaft-der-bormioli-pharma-gruppe-moulded-glass-geschaeft-wird-strategisch-neu-aufgesetzt

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.7x.

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Home Database Industry & ManufacturingBLITZ LUXCO

05/2024

BLITZ LUXCO acquired by GERRESHEIMER

ITALY Chemicals & Materials / Packaging & Containers EV €500M–1.5bn

Context

Gerresheimer Glas GmbH has signed an agreement to acquire Blitz LuxCo Sarl, the holding company of Bormioli Pharma Group, from the private equity firm Triton. This strategic acquisition significantly strengthens Gerresheimer's footprint in Southern Europe and expands its portfolio of moulded glass and plastic packaging solutions. By integrating Bormioli Pharma's nine European production sites, Gerresheimer accelerates its transformation into a holistic system and solution provider, offering complete "bottle-and-closure" combinations. The transaction is expected to be accretive to earnings per share (EPS) by more than 10% in the first year and generate meaningful commercial and operational synergies.

BLITZ LUXCO, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Bormioli Pharma is a leading European manufacturer of primary pharmaceutical packaging and delivery systems. Headquartered in Italy, the company operates nine production sites across Europe (Italy, France, Germany) and employs approximately 1,500 people. Its portfolio includes moulded glass bottles, plastic containers, closures, accessories, and dosing systems for the pharmaceutical and biopharmaceutical industries. Bormioli Pharma produces over 8 billion units annually and is recognized for its comprehensive range of integrated solutions (bottle + closure).

Ent. Value

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2023

2022

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2024	BLACKSTONE	SEDIVER	FRANCE	Glass & Ceramics
06/2024	SONOCO PRODUCTS COMPANY	EVIOSYS	SWITZERLAND	Metal Packaging
05/2024	THE NAVIGATOR COMPANY	ACCROL GROUP	UNITED KINGDOM	Paper
05/2024	AXIOM GROUPE	OSMEA	FRANCE	Wood Packaging
04/2024	INTERNATIONAL PAPER COMPANY	DS SMITH	UNITED KINGDOM	Paper & Cardboard
04/2024	ARCOSA	AMERON	UNITED STATES	Construction Materials
02/2024	CONSTANTIA FLEXIBLES	ALUFLEXPACK	SWITZERLAND	Packaging & Containers
01/2024	GALIENA CAPITAL	EXTRUFLEX	FRANCE	Plastics
11/2023	GREIF	IPACKCHEM	FRANCE	Plastic Packaging
11/2023	CRH	MARTIN MARIETTA STCC	UNITED STATES	Construction Materials

REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €250–500M

EBITDA range: €50–100M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BLITZ LUXCO by GERRESHEIMER are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.