Thai carpet maker TCMC acquires British furniture firm Alstons for $38m

Thai carpet maker TCMC acquires British furniture firm Alstons for $38m

Brand logo from the company website

Thai Carpet Manufacturing PCL (TCMC) has acquired 76 per cent stake in the United-based furniture manufacturer Alstons for 24.5 million pound (approximately $38 million), in a bid to expand its business in overseas through Alstons’ distribution channel.

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