FGI Industries Ltd. (NasdaqCM:FGI) is seeking acquisitions. David Bruce, President and Chief Executive Officer said "Finally, it's our focus on efficient capital deployment. Following the challenges caused by the supply chain disruptions and inflationary pressures, we made meaningful progress in reducing our working capital usage in recent quarters, which has resulted in improved free cash flow conversion.

This further bolstered our solid liquidity position and financial flexibility. As a result, we have ample capacity to invest in our organic growth initiatives. At the same time, we continue to actively pursue bolt-on opportunities, although as we have stressed on previous calls, we remain disciplined and rigorous in our approach and our acquisition strategy".