Announcements coming from the German company Gerresheimer AG are confirming its buying of India's Triveni Polymers.

On Tuesday, the company announced publicly about its acquisition of 75 percent stake in India's Triveni Polymers Pvt. Ltd., which is a manufacturer of plastic pharmaceutical packaging products. No details upon the amount of purchase have been disclosed yet.

Confirming about the company's acquisition, Gerresheimer Chief Financial Officer Mr. Hans-Jurgen Wiecha said that the company is primary focusing upon its strategy of increasing its footprint in emerging markets and the recent acquisition forms a part of the same from which they are expecting to earn 200 million Euros in 2013 revenue.

Triveni Polymers is a big group with more than 300 employees working in it and a plant set in northern Haryana state. According to the data, the company had annual revenue of about 1.30 billion rupees in the last financial year that ended March 31. The recent deal has left only 25 percent stake with the owners of the Triveni Polymers.

The deal is expected to close by the end of this month, said the company officials. Gerresheimer is the same company that bought Neutral Glass Allied Industries Pvt. Ltd. in April this year, an Indian manufacturer of glass pharmaceutical packaging products.