French company SGD has become a majority shareholder of India’s Cogent Glass Limited.
Cogent is a manufacturer of Type I moulded and tubular glass vials for the pharmaceutical industry.
Cogent’s acquisition represents an opportunity for SGD’s pharmaceutical division and will consolidate its leadership position in this sector. It will also enable SGD to enter into the tubular conversion market and benefit from the fast-growing Indian pharmaceutical market.
SGD’s efforts in forthcoming months will be on implementing processes and an organisation in the Indian plant, suitable for both domestic and international standards.