Dubai – Mubasher: Middle East Glass Co., one of Gulf Capital investment’s portfolio, said it bought the company’s whole stake in Misr Glass Manufacturing Company.
This move comes as part of Middle East Glass’s strategy to accelerate its growth in Egypt’s food &beverage sector, said a bourse statement.
this deal will allow the company to establish one of the largest plants for manufacturing Pharmaceutical Packaging, not only in Egypt but in the Arab region as well.
Misr Glass Manufacturing Company is the second largest container glass manufacturer in Egypt with three furnaces having a total production capacity of 141 thousand tons, producing glass containers in flint, amber and green colors catering for both local and export markets.
