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Indian-Commodity  :  Investment  :  Borosil Glass Works acquires 60.3% stake in Klasspack

Borosil Glass Works acquires 60.3% stake in Klasspack (01-Aug-2016)

Borosil Glass Works (Borosil) has acquired 60.3 percent shares in Klasspack on July 29, 2016. While a majority of the funds were by way of primary infusion into the company, there was a smaller secondary purchase of shares as well. Borosil, a global brand synonymous with high quality glassware, is the market leader for laboratory glassware for India's leading Pharmaceutical companies, Research Laboratories, Healthcare, Science and Educational institutes. Klasspack, a closely held company with manufacturing facilities in Nashik, Maharashtra, is a leading manufacturer of Glass Ampoules and Tubular Glass Vials used as primary packaging materials by pharmaceutical companies.

With compliance becoming increasingly stringent in the Indian pharmaceutical sector, Borosil plans to combine its technological expertise in specialty glass production with Klasspack's experience in world-class glass ampoule and tubular glass vial production to offer pharma majors a reliable partner to source their primary glass packaging.

Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.


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