Healthcare

Standard Glass Lining Technology

Date

2023

Sectors

Healthcare

Deal Type

Capital Raise

Deal Location

India

LoEstro advises Standard Glass Lining Technology Private Limited on its $25 Mn fundraise from Asahi Glassplant Inc.

Standard Glass Lining Technology Private Limited (SGL) is a fast growing engineering company that produces glass lined and metal equipment for Pharma and Chemical end-markets. The company manufactures products such as reactors, receivers, storage tanks, vacuum dryers, and vacuum pumps. Founded in 2010 and headquartered in Hyderabad, the company is the market leader in manufacturing glass lined equipment for the Pharma sub-segment.

Process

LoEstro was the exclusive financial advisor to SGL

Outcome

LoEstro’s engagement with SGL helped the company in raising its funding round of $25Mn Asahi Glassplant Inc.. The partnership will employ various approaches, including private label arrangements, co-branding initiatives, and the supply of components while adhering to the stringent quality standards that AGI and its valued customers expect.