Indo Count Industries has expanded its presence in bedding market by increasing its annual pillow production capacity by 8 million.
The company executed this capacity expansion by acquiring the Phoenix-based manufacturer, Modern Home Textiles Inc, through its US subsidiary, Indo Count Global Inc (ICG).
The acquisition follows ICG's recent purchase of a majority stake in Fluvitex USA Inc, an Ohio-based manufacturer of pillows and quilts. Together, both these acquisitions help boost Indo Count’s total production capacity in the US to 13 million pillows and 1.5 million quilts per year, with projected revenue exceeding $85 million once full capacity is achieved.
Anil Kumar Jain, Executive Chairman, Indo Count, emphasises, this expansion will help accelerate the company’s growth in the utility bedding sector besides extending its reach in the North American market. It will also enable Indo Count to streamline distribution across the Midwest and West Coast regions.
These acquisitions confirm with Indo Count’s strategy to expand its pillow manufacturing capabilities in North America significantly besides also boosting employment opportunities in the United States.
