Mumbai, June 11 -- The agreement has been executed with Reynolds Pens India (RPI) and other Newell Brands group entities, including Sanford, L.P. (SLP), Luxembourg Brands S.a r.l. (LBS), Newell Europe S.a r.l. (NES), NWL Valence Services S.A.S. (NWL), and NWL Switzerland S.a r.l. (NSL).

The company will acquire certain assets, relevant contracts, employees and intellectual property and associated identified liabilities relating to the manufacture and sale of pens, markers, highlighters and school supplies under the Reynolds brand.

The aggregate consideration for the transaction is $3.7 million, excluding the value of inventory. The acquisition includes plant and machinery, molds, selected contracts and social media accounts from Reynold...