, Bormioli PharmaItalian glass manufacturer Bormioli Pharma has completed the acquisition of GCL Pharma.
Italian glass manufacturer Bormioli Pharma has completed the acquisition of GCL Pharma.
GCL Pharma is an Italian company that specialises in pharma closures.
Bormioli Pharma said: “It’s a new and relevant step in the right direction along our growth path, allowing us to serve the global pharma industry with more energy and renewed resources.”
The pharmaceutical glassmaker issued a binding offer of €8.9 million last month for GCL, which is a subsidiary of the Guala Closures Group.
GCL specialises in the production of plastic, rubber and aluminium closures for pharmaceutical applications.
In 2019 GCL Pharma recorded a turnover of approximately €8 million. The company’s main premises and production plant are located in Vasto, Chieti, Italy.
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