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Indo Count completes acquisition of WAMSUTTA to strengthen brand portfolio

Apr 19, 2024•about 1 year ago

Acquiring Company

Indo Count Industries Limited

Acquired Company

Beyond, Inc.

MumbaiMidvaleManufacturingLifestyleRetailFashionE Commerce

Description

Indo Count, the largest global bed linen manufacturer and exporter from India, has strategically acquired the international home fashions brand WAMSUTTA from Beyond, Inc. This acquisition strengthens Indo Count’s brand portfolio, and elevates its position in the premium market segment. Terms of the deal were not disclosed.

Company Information

Company

Indo Count Industries Limited

Location

Mumbai, Maharashtra, India

About

Indo Count Industries Ltd (ICIL) is the largest global home textile bed linen manufacturer with a current annual capacity of 153 million metres. Under the leadership of Mr. Anil Kumar Jain, the company has focused on world-class fashion, institutional and utility bedding & sheets, and has built a significant global presence. The company has a credit rating of ICRA AA- (Double A minus; Outlook Stable) for its Long-Term Bank Facilities and CARE AA- (Double A minus; Outlook: Stable) for its Long-Term Bank Facilities.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed