DOMS Industries Limited, a stationery and art material brand listed on the BSE, announced on Monday that it has acquired a 51.77% equity stake in Uniclan Healthcare, a growing producer of baby hygiene products like diapers and wipes.
This acquisition makes Uniclan a subsidiary of DOMS. As part of the deal, DOMS acquired 71,16,080 equity shares for a total of ₹54.88 crore. Out of this, ₹28.88 crore will be a primary infusion, which Uniclan will use to expand capacity, repay debt, and support working capital needs.
The acquisition allows the brand to broaden its product range and diversify its portfolio, aligning with its growth strategy to reach a wider audience. By stepping into the diaper market, valued at around $2 billion and growing at a CAGR of about 16%, DOMS greatly increases its potential target market.
Commenting on the acquisition, Santosh Raveshia, Managing Director, DOMS Industries Limited, said, “While we remain focused on driving innovation and delivering value across our core business segments, the expansion is expected to boost our distribution network in the long term, opening new avenues for sales and contributing to our overall success.”
Uniclan operates a manufacturing facility in Jaipur, Rajasthan, with an annual capacity to produce around 400 million pull-up pant-style baby diapers. These diapers are mainly sold under its flagship brand, Wowper.
Vatsal Desai, Founder and Director, of Uniclan Healthcare said, “We believe that with our focus on product quality and innovation, and leveraging DOMS distribution network in India and globally, we shall be able to elevate Uniclan’s growth trajectory and expand our reach.”
