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Indo Count completes acquisition of WAMSUTTA to strengthen brand portfolio

PRIVATEApr 19, 2024

Acquiring Company

Indo Count Industries Limited

Acquired Company

Beyond

MumbaiUnited StatesManufacturingSoftwareE CommerceFashionRetailLifestyleInternetFurniture

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.

Quick answer

Indo Count Industries Limited is acquiring Beyond, announced April 19, 2024. Indo Count Industries Limited is based in Mumbai, Maharashtra, India.

How much did Indo Count Industries Limited pay for Beyond?
The deal value was not disclosed.
What does Indo Count Industries Limited do?
Indo Count Industries Ltd (ICIL) is the largest global home textile bed linen manufacturer with a current annual capacity of 153 million metres.
Where are Indo Count Industries Limited and Beyond based?
Indo Count Industries Limited is based in Mumbai, Maharashtra, India. Beyond is based in United States.

Source: Fundz verified event record.

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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.

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Frequently asked

Who acquired Beyond?

Beyond was acquired by Indo Count Industries Limited, based in Mumbai. The deal was reported on April 19, 2024. 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. Indo Count Industries Limited is privately held and operates in Manufacturing.

When did Indo Count Industries Limited acquire Beyond?

Indo Count Industries Limited's acquisition of Beyond was reported on April 19, 2024. Indo Count, the largest global bed linen manufacturer and exporter from India, has strategically acquired the international home fashions brand WAMSUTTA from Beyond, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Beyond do?

Beyond, Inc. (NYSE:BYON), based in Midvale, Utah, is an ecommerce expert with a singular focus: connecting consumers with products they love. The Company owns the Bed Bath & Beyond brand and associated intellectual property. It is privately held, operating in Software, and is based in United States.

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