DOMS Industries Limited, a brand that specializes in stationery and art materials, has acquired a 51.77% equity stake in Uniclan Healthcare Private Limited, a brand that specializes in infant diapers, wipes, and other baby hygiene products.
This acquisition has resulted in Uniclan becoming a subsidiary of DOMS. DOMS acquired 71,16,080 equity shares for a total consideration of Rs 54.88 crore as part of the agreement, with Rs 28.88 crore serving as a primary infusion.
Uniclan has confirmed that this sum will be allocated to the repayment of debt, the expansion of its capacity, and the financing of its working capital needs. The acquisition enables DOMS to diversify its portfolio and broaden its product line as part of its development strategy to better serve a broader market.
Read also – Stockal Acquires Bengaluru-based Acru
Uniclan’s trademark brand, “Wowper,” is the primary product of its manufacturing facility in Jaipur, Rajasthan, which has an installed capacity of approximately 400 million pull-up pant-style baby diapers annually.
Vatsal Desai, Founder and Director of Uniclan Healthcare Private Limited, said: “By tapping into DOMS’ consumer insights and market expertise, we are confident that we can further strengthen our brand and continue delivering exceptional products to our customers. Together, we look forward to setting new industry benchmarks and advancing our shared vision for the future,”
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
