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Materials

Corning Will Acquire Pharma Glass Business

by Michael McCoy
July 6, 2015 | A version of this story appeared in Volume 93, Issue 27
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Credit: Gerresheimer
Gerresheimer’s glass tubing business will become part of Corning.
Photo of different types of Gerresheimer’s glass tubing.
Credit: Gerresheimer
Gerresheimer’s glass tubing business will become part of Corning.

Corning will acquire the pharmaceutical glass tubing business of Germany’s Gerresheimer for about $215 million. The business produces borosilicate glass tubes used mainly by Gerresheimer to produce ampoules, vials, cartridges, and syringes. Corning will supply Gerresheimer with tubing under a 10-year agreement. The two companies will also form a venture, 75% owned by Corning, focused on bringing Corning innovations to the drug glass packaging market.

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