LegaLogic Consulting advised VEM Tooling on business transfer agreement with VEM Plastic Molding, wholly owned by Zodiac JRD-MKJ.
The firm was the sole legal counsel for VEM Tooling and advised on negotiation and finalisation of deal documentation of the transaction and assisted in closure. VEM Tooling specializes in the manufacturing, sales, and distribution of plastic injection molding and tooling.
Pursuant to the business transfer, VEM Plastic will continue this line of work, focusing specifically on plastic and molding products. Zodiac, VEM Plastic’s parent company and a pioneer in cut & polished diamonds, jewellery, precious stones and semi-precious stones, has now acquired the business of VEM Tooling through its subsidiary to drive strategic growth, broaden its market presence, and diversify its revenue.
The transaction team included Partner Vikas Agarwal along with Vaibhavi Vaidya, Hardick Joseph, and Minal Raut.
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