HomesToLife Limited Completes Acquisition of HTL Marketing
HomesToLife Limited Completes Strategic Acquisition
HomesToLife Ltd (NASDAQ: HTLM) has announced the successful completion of its acquisition of HTL Marketing Pte Ltd, a prominent provider of upholstered sofas and leather materials. This pivotal move is set to elevate HomesToLife's presence in the highly competitive furniture sector.
Significance of the Acquisition
The acquisition of 100% equity interests in HTL Marketing represents a key milestone for HomesToLife, which is recognized as one of Singapore's leading producers of home furniture. With sales extending across Asia-Pacific, Europe, and North America, HomesToLife aims to leverage HTL Marketing's established reputation and network in the B2B sector to broaden its market reach.
CEO's Insights
Following the acquisition, CEO Ms. Phua Mei Ming expressed her excitement, stating, “We are thrilled to close this acquisition. This transaction will enable HomesToLife to become a major furniture industry entity accessing extensive global market opportunities and generating substantial growth in both revenue and profitability.”
Future Growth Prospects
With the integration of HTL Marketing’s operations, HomesToLife anticipates a new era of accelerated growth. The Company is focused on harnessing synergies between its offerings and those of HTL Marketing to drive innovation and expand its product portfolio.
About HomesToLife Ltd
HomesToLife Ltd is not just a leading furniture retailer; it embodies the spirit of customization and quality in the home furnishing market. It operates HomesToLife Pte. Ltd., specializing in tailored furniture solutions, and HTL Far East Pte. Ltd., which sources and supplies premium furnishings to businesses across Asia-Pacific. The addition of HTL Marketing further solidifies its position as a comprehensive provider of furniture solutions.
Company Contacts
For inquiries, HomesToLife Ltd can be reached at their headquarters located at 6 Raffles Boulevard, #02-01/02 Marina Square, Singapore 039594. Interested parties can send emails to Investor@homestolife.com.
For investor relations inquiries, contact Skyline Corporate Communications Group, LLC, where Scott Powell is available at the office number (646) 893-5835 or via email at info@skylineccg.com.
Frequently Asked Questions
What was announced by HomesToLife Ltd recently?
HomesToLife Ltd announced the successful closing of the acquisition of HTL Marketing Pte Ltd.
What does HTL Marketing specialize in?
HTL Marketing is a leading B2B procurer and supplier of premium upholstered sofas and leather materials for sofa manufacturing.
How is HomesToLife planning to benefit from this acquisition?
The acquisition is expected to provide HomesToLife with greater access to global market opportunities and enhance its revenue and profitability.
Where is HomesToLife Ltd based?
HomesToLife Ltd is based in Singapore and operates internationally with a strong presence in various regions.
How can investors contact HomesToLife Ltd?
Investors can contact HomesToLife Ltd via email at Investor@homestolife.com or visit their headquarters at Marina Square, Singapore.
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