Gujarat Heavy Chemicals' (GHCL) acquisition of American textile company Dan River for Rs. 80 crore late last month enabled it to take control of a marketing network of about $250 million of Dan River - almost at a time when it was to market the home textile products from its upcoming unit in Vapi. GHCL also acquired control of the manufacturing units that the US firm operated in China and Pakistan and known for their economies of scale. GHCL Chairman Sanjay Dalmia said, "We plan to outsource most of the production to units in India, Pakistan and China, and shut down several Dan River units in the US."
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