Indo Count Industries completed the acquisition of the home textile business of GHCL for $80m.

Indo Count Industries, a manufacturer and exporter of home textiles, completed the acquisition of the home textile business of GHCL, a chemicals company, for $80m. "We are extremely happy to announce the completion of the acquisition and warmly welcome the new team to the Indo Count family. We are confident that this foray will successfully meet our long-term aspirations and create value for our global customers and other stakeholders. We are excited about the pace at which we are progressing towards strengthening our brand into an end-to-end bedding solution provider for Global & Domestic markets. We believe this is a significant step towards our strategic vision of achieving a formidable leadership position in the Home Textile Bedding business ‘globally’. Further, considering increasing growth potential in the Indian Home Textile industry, we believe we are market ready to capitalize on this opportunity," Anil Kumar Jain, Indo Count Industries Executive Chairman.