Roca India searching opportunities to acquire Indian companies, says top official

Evaluating opportunities for acquisition, says Roca India Chennai, Mar 8(PTI): Manufacturer of bathroom products Roca is in the process of exploring opportunities to acquire Indian companies, a top official of the firm said Friday. Roca India, a subsidiary of Spain-headquartered firm, has eight factories (four sanitaryware, one faucet, three plastic) located in Madhya Pradesh, Tamil Nadu, Rajasthan, and Uttarakhand.

"We are keen to acquire some factories to make faucets and plastics.. Right now, we're evaluating a few opportunities," Roca India managing director K E Ranganathan said. The company was eyeing acquisitions in faucet and plastic manufacturing facilities, preferably located in North India, he told reporters here.

Ranganathan said the company was also expanding its capacity at its plant in Bhiwadi, Rajasthan. Besides, Roca would introduce Roca brand tiles serving the premium market. "It will be a very niche segment. We will be importing them from Spain", he said.

The top management of Roca was here for unveiling of the Display Studio which is sixth such facility to be set up in the country. The company has similar studios in Delhi-NCR, Mumbai, Kochi, Lucknow and Chandigarh. The display studio would showcase a wide array of bath fixtures by three brands of Roca including Laufen from Switzerland, Roca and Parryware.

"We are excited to launch our first display studio in Chennai. It is one of our most successful markets with over 400 Parryware outlets in the city," Ranganathan said. "We are also planning to open our studio in Hyderabad and Bengaluru by the end of the year," he said.

Roca's senior managing director Raimundo Garcia-Figueras said the company has fantastic facilities in the country and has invested a lot. "We have been investing heavily in factories. We are continuously investing in the market, we are also investing in people," he said, adding the Indian subsidiary has about 3,500 employees..

(With inputs from agencies.)