Samsonite hungry for acquisitions

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 operating officer, the company remains on the prowl for more deals to bolster growth and has the ability to undertake more than $1 billion worth of acquisitions. “We have a lot of firepower,” he told...