FGI Industries Ltd. (NasdaqCM:FGI) is seeking acquisitions. David Bruce, President and Chief Executive Officer said "We have made meaningful progress in recent quarters in reducing our working capital usage which has resulted in improved free cash flow conversion and lower net debt levels. This further bolstered our solid liquidity position and financial flexibility.

While debt repayment and investment in organic initiatives has been our main priority, we continue to evaluate strategic bolt-on acquisition opportunities".