Johor-based ready-to-assemble (RTA) home furniture specialist Ecomate Holdings Bhd (KLSE:ECOMATE), which is in the midst of migrating from the ACE Market to the Main Market, is now eyeing merger and acquisition (M&A) opportunities as it seeks inorganic growth. Ecomate co-founder and managing director Jason Koh Jian Hui acknowledges that the company has been relying solely on organic growth since it was founded in 2016. This could change in the coming years, though.

We are on the prowl for M&A. Our company is on the lookout to acquire assets or businesses that are related to the furniture industry. For instance, our main raw materials are chipboard and medium-density fibreboard (MDF), so Ecomate might be going upstream by acquiring a chipboard company, Koh tells The Edge in an interview. Besides chipboard companies, Ecomate might be looking to acquire some of its smaller competitors in the RTA segment.