Doms Industries Limited has acquired the worldwide rights to the ‘Reynolds’ brand and other identified assets, contracts, employees and liabilities from Reynolds Pens India and five other entities (all subsidiaries of Newell Brands Inc.) for $3.7 million.

Khaitan & Co advised DOMS on this acquisition. The Firm advised throughout the transaction lifecycle, from the term sheet stage and due diligence process to the drafting, negotiation, and finalisation of the transaction documents.

The transaction team consisted of Aravind Venugopal (Partner), Aniruddha Basu (Partner), Nishant Mathew (Principal Associate), Raksha H R (Senior Associate) and Shatakshi Gupta (Senior Associate) with assistance from the following:

Intellectual Property due diligence: Smriti Yadav (Partner), Rashmee Kumar (Principal Associate), Sidharth Shahi (Senior Associate) and Abhishek Mishra (Associate);

Employment, Labour and Benefits due diligence: Vinay Joy (Partner), Srishti Ramkrishnan (Partner), Simran Sharma (Senior Associate) and Ajay Kranthi Kothwal (Associate);

Direct tax aspects: Rahul Jain (Partner), Jinisha Jain (Senior Associate) and Krishnal Shailesh Agrawal (Associate).

Indirect tax aspects: Brijesh Kothary (Partner) and Saundarya Sinha (Senior Associate)

Founded in 2006, DOMS is an Indian stationery and art materials manufacturing company headquartered in Valsad, Gujarat.

The acquisition of Reynolds will expand DOMS' range of writing tools and strengthen its position in the stationery market.

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