DOMS Industries Limited, a leading stationery and art material brand in India, has announced its strategic acquisition of a 51.77% equity stake in Uniclan Healthcare Private Limited, a growing producer of baby hygiene products. The acquisition, valued at ₹54.88 crore, makes Uniclan a subsidiary of DOMS and marks the company’s entry into the fast-growing baby hygiene segment.
Uniclan, known for its flagship brand “Wowper” baby diapers, operates a state-of-the-art manufacturing facility in Jaipur with a capacity to produce 400 million pull-up style baby diapers annually. The investment will allow Uniclan to expand its capacity, repay debt, and fund working capital needs.
Mr. Santosh Raveshia, Managing Director of DOMS, expressed enthusiasm for the acquisition, stating, “This strategic investment aligns with our long-term growth strategy to diversify and expand into new markets. By entering the baby hygiene segment, we are broadening our product portfolio and leveraging our distribution network to drive innovation and growth.”
Uniclan’s Founder and Director, Mr. Vatsal Desai, highlighted the benefits of the partnership, saying, “Partnering with DOMS allows us to leverage their strong distribution network, both in India and globally. Together, we aim to set new benchmarks in the baby hygiene industry and deliver exceptional products to a wider audience.”
This acquisition allows DOMS to tap into the rapidly growing diaper market, which is valued at approximately $2 billion with a CAGR of 16%. Uniclan will benefit from DOMS’ robust distribution channels, while DOMS will have the opportunity to utilize Uniclan’s network to further its own business expansion.
