India-based manufacturer Piramal Glass is up for sale with a price tag of around $800m, according to news reports. Bank of America and Axis Capital are charged with finding a buyer for the company. Piramal Glass reported global sales of $357m earlier this year; 40% of its business is in the fragrance and cosmetics market, 37% in “Specialty Spirits” and 23% in pharmaceuticals.
In February 2020, the glassmaker invested to boost its production in India.
