HSIL eyes European buy, to expand domestic capacity

06 Jul 2010

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
Related HSIL Ltd. Links:

HSIL Share Price

202.80 3.35 (1.68%) May 17, 10:07
1 Year Price Chart
Peers
Company Name CMP
Kajaria Ceramics 887.00
HSIL 202.80
Somany Ceramics 435.25
Asian Granito India 164.35
Cera Sanitaryware 3890.00
View more..
Sensex vs HSIL
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback