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Hindusthan National Glass eyes more acquisition in Euro zone region

05 Dec 2011 Evaluate

Hindusthan National Glass & Industries (HNG) is aiming more acquisition prospects in the container glass segment in the crisis-hit Euro zone region. In Europe there will be a lot of firewall sales by lenders in the next 3 to 6 months as overleveraged or non-performing companies will be sold off.

Basic criteria for the company's acquisition will be quality of asset, product portfolio and availability of local market. Earlier this fiscal, HNG had acquired assets of Agenda Glass AG in Germany from the insolvency administrator at a consideration of approximately Rs 345 crore at the current exchange rate.

The company offers premium glass containers for every kind of application. HNGIL is an acknowledged market leader of today and producing 6 million bottles per day ranging from 5 ml to 3200 ml containers for multifarious industries like pharmaceuticals, beverages, processed foods, cosmetics, liquors etc.

Hind National Glass Share Price

8.88 0.00 (0.00%)
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