Gerresheimer sells tubing glass business for 196 mln eur to Corning
FRANKFURT, June 30 (Reuters) - German drugs packaging firm Gerresheimer said on Tuesday it aimed to sell its tubing glass business to U.S. glass manufacturer Corning for 196 million euros ($219.42 million), in an effort to streamline its business.
Gerresheimer and Corning also plan to set up a joint venture to speed innovation in the pharmaceutical glass packaging market, Gerresheimer said.
Gerresheimer will adjust its 2016-2018 forecasts according to the sale, the group said. ($1=0.8933 euros) (Reporting by Kirsti Knolle; Editing by Clarence Fernandez)
