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Middle East Glass acquires Misr Glass Manufacturing

Abu Dhabi - MEG's most recent acquisition of MGM will create the largest glass packaging manufacturers in Egypt.

Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced on Wednesday that one of its portfolio companies, Middle East Glass (MEG) has acquired 100 per cent of Misr Glass Manufacturing (MGM), which is specialised in the manufacturing and marketing of container glass for the food and beverage industry.
MEG's most recent acquisition of MGM will create the largest glass packaging manufacturers in Egypt. Dr Karim El Solh, Chief Executive Officer of Gulf Capital, said: "This latest acquisition of Misr Glass Manufacturing gives the combined businesses significant scale and allows MEG to increase its share of exports."
Abdul Galil Besher, Chairman of Middle East Glass, said: "Misr Glass Manufacturing brings a strong customer base in our target markets, an attractive portfolio of products and flexible production capacity and will add depth to our leadership team. We are very confident that the acquisition will create significant value for all MEG stakeholders."
- business@khaleejtimes.com