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Gerresheimer picks 75% in Triveni Polymers

German firm, Gerresheimer AG, has acquired a 75 per cent stake in the Delhi-based firm Triveni Polymers for an undisclosed amount. "Gerresheimer acquires a 75 per cent stake in the company. The owners retain 25 per cent of the shares. Among them, the current managing director, Subodh Gupta, will continue to serve in this position," Gerresheimer AG said today. The company did not give the value of the transaction. "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 ...