Gerresheimer Acquires Neutral Glass & Allied Industries
Gerresheimer AG recently announced it has acquired a majority shareholding in the Indian company Neutral Glass & Allied Industries Pvt. Ltd. Having local production operations in the emerging markets is reportedly strategically significant for Gerresheimer, due to the rapid growth of the pharma sectors there. Gerresheimer already has five plants in South America, seven plants in China, and representative offices in Moscow and Mumbai.
“The Indian pharma market is gaining in international significance and it is growing at an impressive rate,” said Uwe Röhrhoff, CEO, Gerresheimer AG. “Neutral Glass is a leading manufacturer of high-quality glass pharmaceutical packaging products that has achieved profitable growth over recent years. Our acquisition of a majority shareholding in Neutral Glass will help us to strengthen our position in the emerging markets and to drive our growth in India.”
For more information, visit www.gerresheimer.com.