Indo Count Industries Ltd., a prominent player in the global bed linen industry, saw its shares rise over 2% on Monday following the strategic acquisition of Modern Home Textiles Inc., a U.S.-based manufacturer of pillows and filled products. This move follows Indo Count’s recent acquisition of Fluvitex USA, Inc., further expanding its footprint in the utility bedding segment across North America.
Based in Phoenix, Arizona, Modern Home Textiles adds significant production capacity to Indo Count’s U.S. operations, allowing the company to produce 13 million pillows and 1.5 million quilts annually. The combined revenue from both acquisitions is expected to exceed USD 85 million. These acquisitions also enhance Indo Count’s distribution capabilities with facilities located strategically in the Midwest and on the West Coast of the U.S.
Indo Count’s Executive Chairman, Anil Kumar Jain, commented on the acquisition, stating, “This strategic acquisition accelerates our ambition to grow the Utility Bedding segment while enhancing our market reach in North America.”
This acquisition aligns with the company’s broader strategy to strengthen its presence in the U.S. market by meeting growing customer demand and supporting job creation. Indo Count aims to leverage these acquisitions to deliver innovative and sustainable bedding solutions to its expanding customer base.
As of 9:24 AM, Indo Count shares were trading 1.67% higher at ₹367.55 on the NSE.