DOMS Industries has announced its board's approval to acquire a 51% equity stake in Super Treads Private Limited (STPL) for a maximum consideration of Rs 6.12 crores, subject to due diligence and necessary approvals. The acquisition will be made through a secondary purchase from STPL’s existing shareholders.
This strategic move marks a significant step in DOMS’ efforts to expand its presence in the paper stationery segment, with STPL's strong manufacturing base providing a gateway to efficiently serve the Eastern Indian market. STPL, operating for over two decades, is a key OEM supplier specializing in notebooks and other paper stationery products.
“This acquisition enhances our manufacturing capabilities and helps geographically diversify our paper stationery infrastructure,” said Santosh Raveshia, Managing Director, DOMS Industries Limited. “We see this as an opportunity to partner with technocrats like Mr. Rakesh Maheshwari to create long-term value and growth.”
Rakesh Kumar Maheshwari, Promoter Director of STPL, added, “Joining hands with DOMS enables us to combine our manufacturing strengths with their robust national distribution network and brand recognition. This collaboration will unlock new avenues for innovation and market expansion.”
Post-acquisition, STPL will become part of the DOMS Group of Companies, which includes Pioneer Stationery, Micro Wood, Skido Industries, Uniclan Healthcare, and associate firm Clapjoy Innovations, reinforcing DOMS’ diversified presence in stationery, art materials, and hygiene products.
Marathon Capital Advisory Private Limited served as the advisor to DOMS on this strategic acquisition.
