Leading sanitaryware and glass bottles manufacturer, HSIL, have shortlisted 3-4 European sanitaryware brands for acquisition at a deal-size of around $5-million and expects to seal the transaction within 6-months.
HSIL is looking at companies with a good distribution network in Europe. It might manufacture under that brand in India and distribute it in Europe.
The company presently has two manufacturing facilities in Delhi and Hyderabad. The company is planning to set up a third one in the western part of the country with a capacity of 1.5-million pieces, at an investment of around Rs 80-100-crore. crackcrack
