Asahi Glass says it will buy Danish biologics maker

Japanese company branching out from mature glass market in pursuit of growth

1219N Asahi Glass (backup)

Asahi Glass seeks expansion in areas other than automotive glass.

TOKYO -- Asahi Glass said it is purchasing Denmark's CMC Biologics for about 60 billion yen ($512 million), hoping to tap into pharmaceutical-sector growth fueled by rising middle classes in emerging markets. The Nikkei reported the deal earlier.

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