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Indo Count’s arm acquires 81% stake in Fluvitex USA

17 Sep 2024 Evaluate

Indo Count Industries’ subsidiary -- Indo Count Global, Inc. (ICG) has acquired majority stake of 81% in Fluvitex USA, Inc., initially with an exclusive option to buy the balance 19% stake later, by entering into a Stock Purchase Agreement with Masias Invest, S.L.

Fluvitex is a Pillow & Quilt manufacturing company based in Columbus, Ohio with an annual production capacity of 5 million Pillows of different types and 1.5 million Quilts. Fluvitex’s strategic location allows efficient distribution across the USA and Canada with a revenue potential of $50 million plus.

ICG has signed a definitive agreement for acquiring 81% stake of Fluvitex USA, Inc., from its promoter shareholder - Masias Invest, S.L., with an exclusive option to purchase the remaining 19% stake within the next 5 years. i.e. by September 30, 2029. The acquisition is funded by internal accruals and debt.

Indo Count Industries (ICIL) is the largest global home textile bed linen manufacturer. 


Indo Count Inds Share Price

267.65 -6.90 (-2.51%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 133.50
Vardhman Textiles 569.25
Arvind 388.45
K.P.R. Mill 927.15
Page Industries 37981.15
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