Borosil-backed Klass Pack to acquire a 90.17% stake in Goel Scientific Glass Works.

Borosil-backed Klass Pack, a manufacturer of pharmaceutical packaging, agreed to acquire a 90.17% stake in Goel Scientific Glass Works, a manufacturer of industrial glass process systems as well as laboratory glassware. Financial terms were not disclosed. “We are pleased to share that GSGWL is now going to be a part of Borosil. It is now that I feel truly rewarded for my 50 years of hardships and struggle. I recall sharing with Kheruka my dream and inherent wish to see India as a world leader and a feeling that Kheruka reciprocated by sharing his dream to see Borosil as a world leader. So, we are at a point where our dreams converge and I am now confident of moving towards this direction of achieving and fulfilling them together very soon," Hemant Goel, GSGWL Chairman.