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Körber completes full ownership of Pharma Packaging Materials business in the US
Körber has signed and closed the acquisition of the remaining 30 percent stake in Körber Pharma Packaging Materials LLC (formerly Rondo-Pak LLC), completing full ownership of the US-based packaging materials business. The transaction was signed and closed on 10 April 2026.
Hamburg, April 14th 2026. Körber has signed and closed the acquisition of the remaining 30 percent stake in Körber Pharma Packaging Materials LLC (formerly Rondo-Pak LLC), completing full ownership of the US-based packaging materials business. The transaction was signed and closed on 10 April 2026.
With this step, Körber further strengthens its long-term commitment to the North American market and sharpens its focus on sustainable growth, customer centricity, and portfolio expansion in pharmaceutical packaging materials. Packaging Materials, alongside Machinery, Software, and Consulting, is part of a uniquely powerful Körber Pharma ecosystem that brings complementary capabilities together around the needs of our customers.
At the same time, Körber announces a leadership transition: Bob Reilley has been appointed Managing Director and President of Körber Pharma Packaging Materials LLC. In this role, he will assume responsibility for Körber’s Packaging Materials activities in the United States.As a longstanding member of the organization, Bob Reilley combines deep industry experience with a strong track record in operational excellence, customer partnership, and growth leadership. His appointment reflects Körber’s ambition to continue expanding its packaging materials business in close alignment with customer needs and sustainability expectations in the pharmaceutical and biotech industries.
As part of this transition, Tim Moreton will retire. He led the organization with great success and played a defining role in shaping its development through the joint venture phase and its subsequent integration into Körber. Under his leadership, the business was significantly expanded and firmly established as a leading provider of pharmaceutical packaging materials in the United States. His entrepreneurial drive, strategic clarity, and commitment to responsible operations have created a strong and sustainable foundation for the continued growth of the business.
Joachim Hoeltz, SVP Packaging Materials, Business Area Pharma, said: “Completing the acquisition marks an important milestone for our packaging materials business in North America. It creates a strong foundation for future growth. I would like to thank Tim Moreton for his dedication and contributions over many years and wish him well on his retirement. At the same time, I am very pleased to welcome Bob Reilley to his new role. His leadership and customer first mindset will be instrumental as we continue to expand our footprint and deliver even greater value to our customers.”
“With full ownership, Körber is ideally positioned to accelerate innovation, deepen long‑term customer partnerships, and further expand its Packaging Materials business in the U.S. This move is a clear step in executing our global Life Sciences strategy and strengthening our position as a strategic partner for the industry,” said Erich Hoch, Group Executive Board Member and President Business Area Pharma.