DOMS Industries Limited has finalized the acquisition of key assets related to the Reynolds brand’s pen and school supplies business. The deal, valued at US$ 3,700,000, includes plant, machinery, molds, contracts, intellectual property, and associated liabilities from multiple sellers, including Reynolds Pens India Private Limited and subsidiaries of Newell Brands Inc. This strategic move is set to enhance DOMS’s product portfolio and market presence in the writing instruments and school supplies segment.
DOMS Industries Finalizes Strategic Acquisition
DOMS Industries Limited announced today the execution of an Asset Purchase Agreement (APA) for the acquisition of significant assets pertaining to the manufacture and sale of pens, markers, highlighters, and school supplies under the renowned Reynolds brand. This strategic acquisition, approved by the Board of Directors, marks a significant step in strengthening the Company’s market position.
Deal Details and Consideration
The transaction, dated June 10, 2026, involves purchasing assets, relevant contracts, employees, and intellectual property, along with associated identified liabilities. The aggregate consideration for this acquisition is set at US$ 3,700,000, excluding the value of inventory. The acquisition encompasses plant, machinery, molds, contracts, social media accounts from RPI; copyrights, trademarks, and domain names from LBS; and patents/designs from SLP.
Counterparties and Deal Rationale
The sellers in this transaction include Reynolds Pens India Private Limited (RPI), Sanford, L.P. (SLP), Luxembourg Brands S.à r.l. (LBS), Newell Europe S.à r.l. (NES), NWL Valence Services S.A.S. (NWL), and NWL Switzerland S.à r.l. (NSL). DOMS Industries holds no shareholding in any of these entities. The Company anticipates that this transaction will substantially strengthen its product portfolio and market presence within the writing instruments and school supplies segments.
Key Terms and Completion
Significant terms of the APA include the allocation of the aggregate consideration across various asset categories. The completion of the transaction is scheduled for July 1, 2026, or another mutually agreed-upon date. Inventory consideration will be based on RPI’s estimate and subject to a post-completion true-up. The agreement does not involve any special rights for parties, such as the right to appoint directors or pre-emptive rights on share subscriptions. The acquisition is an asset purchase and is not expected to impact the management or control of DOMS Industries.
Source: BSE
