Following the successful acquisition of US-based Dan River and UK's home textiles retail chain company Roseby's, the company's planned acquisition spree in the retail chain segment seems to have hit a roadblock due to price differences.
“We are in negotiation stages for acquisitions of retail chains in Italy and France but it has not been finalised due to a difference between the price which we have offered and what they are asking for,” GHCL chairman Sanjay Dalmia told FE.

However, we do not want to rush in and will only acquire those companies if we get it for the price that we are looking for, he added. The company, he said, was in the final stages of acquiring a soda ash plant in Romania with a capacity of 3 lakh tonne. “The acquisition of the soda ash plant in Romania should be sorted out soon and we could have some development by this month end or early next month,” Dalmia said.

The plant is having a capacity of 3 lakh tonne and the amount would be paid over a period, he said, adding the capacity of the plant would also be increased post the acquisition. With regards to the acquisition of an overseas BPO, Dalmia said GHCL would only look at it once the company becomes desperate. “The company is not in good status as of now. However, we will go for it only once they are desperate for it,” he said. We have already shifted a lot of Dan River's BPO work to our Noida unit and will be shifting Roseby's BPO operations to Noida in the next couple of months, Dalmiya added.