Samsonite hungry for acquisitions

The world’s largest luggage maker made a foray outside of travel bags in May but still has cash to put to work.

Samsonite hungry for acquisitions
Ramesh Tainwala

Hong Kong-listed Samsonite International, the world’s largest maker of luggage, is looking to bag more acquisitions.

The company, which raised $1.25 billion from its floatation in Hong Kong in 2011, made a foray outside its traditional luggage sector in May when it bought Speck Products, which distributes protective cases for smartphones. That $85 million acquisition looks like being the shape of things to come.

According to Ramesh Tainwala, Samsonite's chief...

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