12-Jun-2026 19:06:12
DOMS INDUSTRIES : ACQUIRES REYNOLDS BRAND ASSETS āļøš
⢠š¤ DOMS has signed an Asset Purchase Agreement to acquire key assets of the Reynolds writing instruments business worldwide ⢠š° Deal value stands at US$ 3.7 million (excluding inventory value) ⢠š Acquisition includes manufacturing equipment, molds, contracts, employees, patents, trademarks, copyrights, domain names and social media assets related to Reynolds brand ⢠šļø Covers pens, markers, highlighters and school supplies under the Reynolds brand ⢠š Transaction completion is expected on July 1, 2026 ⢠š Also includes supply arrangements with Reynolds Pens India for pen tips and transfer of intellectual property rights š¢ Impact: Positive (Strengthens DOMS' product portfolio, expands brand presence in writing instruments and school supplies, and adds the iconic Reynolds franchise to its portfolio.)
DOMS INDUSTRIES LIMITED