The company thought it will collection up a another production piece by the side of Rudrapur in Uttaranchal and an extra by the side of Gujarat, which will require a calculate investment of Rs 100 crore in three years.
Besides, it besides campaign to make a purchase of companies worth Rs 200 crore in India as it looks to complete a revenue of Rs 1,000 crore in the subsequently three years.
"With all the spreading out campaign taking place, together with setting up another plants in Rudrapur (Uttaranchal) and Gujarat soon, we expect with the aim of we will be able to contact a revenue of Rs 1,000 crore in the subsequently three years," CG Foods Managing Director Nirvana Chaudhaury told reporters at this point.
The company, which had a sales of around Rs 200 crore, expects to last part this fiscal with a revenue of Rs 350 crore.
At give to, the company has two manufacturing facilities in Assam and Sikkim with a calculate scope of 270 million packs in a time. It is in the process of setting up its third place in Rudrapur in Uttaranchal by the side of an opening investment of Rs 20 crore and is looking by the side of setting up an extra place in Gujarat.
For expanding the scope and setting up the another facilities, the company thought it has earmarked an investment of Rs 100 crore in place of the subsequently three years, he thought.
The another place, which will be operational by 2012 will maintain a scope to harvest to 120 million packs a time. Besides, the company is besides looking by the side of expanding its existing plants. By 2014, its calculate scope will be around 500 millions packs a time, Chaudhaury thought.
Company's acquisition diagram
"We are unquestionably looking in place of an FMCG safe, nearly everyone probably in the southern and western region which has strong distribution net and presence. We will influence on it and if they maintain a strong brand we can even build it too," he thought.
Asked not far off from the size of the deal, CG Foods first in command GP Sah: "We are going away antagonistically on our acquisitions and the size of the deal we are looking in place of is around Rs 200 crore."
He, however, declined the refer to of the firms the company is in talks with and the schedule frame of the acquisition.