12th April, 2016 - Kuwait City, Kuwait

Rennu International today announced the 100% acquisition through one of its funds of Wataniya Sponge Company, a leading sponge and mattress manufacturer in Kuwait.

Wataniya Sponge Company was established by Khaled AlHumaidi in 2002 and has since become one of the leading medical mattress manufacturers in Kuwait.

Rennu International will focus on enhancing Wataniya's product portfolio, its customer service, as well as its sales and distribution strategy by increasing market penetration across the region.

Meysan Partners acted as legal advisor to Rennu International on the transaction.

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About Meysan Partners
Meysan Partners is a Kuwait-based corporate law firm offering high quality, innovative legal advice delivered by a team of highly-experienced Arabic and English speaking lawyers. This is underpinned by over 35 years of combined experience in the Middle East shared by its partners who, in recent years, have advised clients across a range of industry sectors on some of the most noteworthy and complex transactions in the region.

In September 2015, Meysan was awarded the IFLR's 'Rising Star Law Firm 2015'.

For further information, please visit www.meysan.com

© Press Release 2016