DOMS Industries Limited (“DOMS”), a leading stationery and art materials brand in India, has successfully completed a strategic investment to acquire a 51.77% equity stake in Uniclan Healthcare Private Limited (“Uniclan”), a company that specializes in baby diapers, wipes, and other hygiene products. With this acquisition, Uniclan becomes a subsidiary of DOMS.
As part of the deal, DOMS has purchased 7,116,080 equity shares for a total of ₹54.88 crore, including ₹28.88 crore designated as primary infusion. This funding will support Uniclan’s capacity expansion, debt repayment, and working capital needs.
The acquisition enables DOMS to expand its product range and diversify its portfolio, supporting its growth strategy to reach a broader market. Uniclan operates a state-of-the-art facility in Jaipur with an annual capacity of around 400 million baby diapers, primarily under the “Wowper” brand. Their focus on R&D and quality has boosted market acceptance, and they aim to expand their distribution network.
Mr. Santosh Raveshia, Managing Director of DOMS, stated, “We’re thrilled to enter the baby hygiene segment with this investment in Uniclan. Their strong product portfolio and innovative approach align with our growth vision. This acquisition is a key step in diversifying our business and enhancing our focus on children. We look forward to a successful partnership with Uniclan and new opportunities for innovation and growth.”
The acquisition provides DOMS with significant advantages, expanding its target market in the $2 billion diaper sector, which is growing at a CAGR of about 16%. Uniclan will benefit from DOMS’ extensive distribution network to enhance its market reach. In the long run, Uniclan’s network could also serve as a distribution channel for DOMS products, boosting growth for both companies.