Indo Count Expands Utility Bedding Business in US, Acquiring Modern Home Textiles Inc. with $85M Revenue Potential
Indo Count Industries Ltd., the largest global bed linen player, announced the acquisition of Modern Home Textiles, Inc., a manufacturer of a wide range of pillows and other filled products, located in Phoenix, Arizona. This strategic move is a stepping stone to establish an integrated utility bedding business for the North American Market, adding to the recent acquisition of Fluvitex USA, Inc. The total manufacturing capacity in the USA will be 13 million pillows and an additional 1.5 million quilts annually. The customer base in both Fluvitex and Modern Home Textile are not overlapping, providing a strong projected growth. These investments are part of a larger plan to build significant capacities in pillow manufacturing to service the utility bedding customers in North America.
Key Highlights
- Indo Count Industries Ltd. acquires Modern Home Textiles, Inc., a manufacturer of a wide range of pillows and other filled products.
- The acquisition adds to the recent acquisition of Fluvitex USA, Inc., a pillow and quilt manufacturing company.
- The total manufacturing capacity in the USA will be 13 million pillows and an additional 1.5 million quilts annually.
- The customer base in both Fluvitex and Modern Home Textile are not overlapping, providing a strong projected growth.
- The acquisition is part of a larger plan to build significant capacities in pillow manufacturing to service the utility bedding customers in North America.