Germany-based Gerresheimer has acquired the majority shareholding in the Indian company Triveni Polymers to further accelerate its growth in the emerging markets. Triveni is one of the leading manufacturer of plastic containers and closures for the pharma industry.
“This acquisition is well aligned to our strategy of enhancing our footprint in the emerging markets. Triveni is a leading and fast growing company with excellent profitability that provides high value for us. Our global expertise combined with the excellent local manufacturing capabilities of Triveni will speed up our growth in the emerging countries,” commented Hans-Jürgen Wiecha, CFO, Gerresheimer.
Subodh Gupta, Managing Director, Triveni, said, “Triveni special product portfolio ideally complements Gerresheimer’s plastic packaging range and will enable us to better support our customers in their business.”
EP News Bureau – Mumbai
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