DOMS Industries, a stationery and art products company, announced it will acquire a 51% stake in Super Treads (STPL) for approximately ₹6.12 crore, subject to due diligence and regulatory approvals. The equity stake shall be acquired through a secondary purchase from the existing shareholders of Super Treads.
The acquisition of the Siliguri-based paper stationery manufacturer will strengthen DOMS’ production capabilities, broaden its presence in the paper stationery segment and enhance its market presence in eastern India.
STPL, with its operating history of more than two decades, currently operates primarily as an OEM supplier for the manufacturing of notebooks and other paper stationery products.
With the completion of the acquisition, Super Treads will become a part of the DOMS Group of companies, which also includes Pioneer Stationery, Micro Wood, Skido Industries, Uniclan Healthcare and the associate company, Clapjoy Innovations.
Santosh Raveshia, Managing Director, DOMS Industries, said, “Our proposed acquisition of majority stake in STPL is a key step in enhancing our manufacturing capacities and geographically diversifying our paper stationery infrastructure to efficiently reach our consumers, thus further strengthening our competitiveness in this segment. This investment aligns with our vision of leveraging our growing brand reputation and well entrenched distribution network to deliver our unique and differentiated range of products at most competitive prices. With Rakesh Maheshwari and his team, we have got this wonderful opportunity to partner with great technocrats, like-minded entrepreneur who has a great zeal to offer something unique to the market. We are confident that this partnership would lead to significant long term growth and value creation for all of us.”
Rakesh Kumar Maheshwari, Promoter Director, Super Treads, said, “This partnership represents a strategic milestone for our company, combining our manufacturing expertise with DOMS national distribution capabilities and established brand. This collaboration will be instrumental in realizing our full potential and enable us to explore opportunities, thereby unlock new avenues for growth and innovation. In DOMS, we have found a perfect strategic partner to help us pursue a brand lead business journey.”
