Post acquisition of GHCL home textile business, Indo Count becomes the world’s largest home textile bedding manufacturer, with an annual capacity of 153 million meters

Indo Count Industries Limited, a leading manufacturer and exporter of Home Textiles has today announced the successful completion of the acquisition of Home Textile business of GHCL Ltd. at Bhilad (Vapi), Gujarat, on a going concern basis by way of a slump sale and acquisition of specified assets of Grace Home Fashions LLC (GHF), US subsidiary of GHCL for an all-cash consideration of Rs. 592.8 crores.

This acquisition will catapult Indo Count to a leadership position in the Global
Home Textiles Bedding segment:

  • Indo Count becomes the world’s largest Home Textile bedding manufacturer, with an annual capacity of 153 million meters
  • Potential addition of Rs.1,300 – 1,500 Crores p.a. to the topline of the Company at peak capacity Indo Count adds a whole new avenue of customer base which is untapped, thereby leading to a gain in global market share
  • Current customers of GHCL Home Textile business will gain access to ICIL’s full product portfolio consisting of fashion, utility, and institutional bedding
  • Increase market share by enhancing capacity utilization, creating synergies, and expanding product range offerings
  • The customer-centric approach will enable ICIL to be more flexible and strengthen customer service levels resulting in a strong Global Supplier and Brand in the Home Textile Industry
  • The customer-centric approach will enable ICIL to be more flexible and strengthen customer service levels resulting in a strong Global Supplier and Brand in the Home Textile Industry