Qatar World Cup 2022Brazil 1-0 Switzerland, FIFA World Cup 2022: Casemiro sends Brazil to last 16

Berger to buy architectural biz of Sherwin Williams

March 12, 2013 12:03 am | Updated 12:03 am IST - KOLKATA:

Subir Bose, Managing Director, Berger Paints India Limited (center) along with P. K. Sengupta, Senior Vice President Retail (right) and Abhijit Roy, Senior General Manager Marketing (left) at the launch of new product of Berger Paints in New Delhi on Wednesday. (28/09/2005) Digital Image. Photo: Shanker Chakravarty

Subir Bose, Managing Director, Berger Paints India Limited (center) along with P. K. Sengupta, Senior Vice President Retail (right) and Abhijit Roy, Senior General Manager Marketing (left) at the launch of new product of Berger Paints in New Delhi on Wednesday. (28/09/2005) Digital Image. Photo: Shanker Chakravarty

Berger Paints Ltd. is planning to acquire the architectural operations of Sherwin Williams Paints India through its wholly-owned subsidiary, Brushworks Paints Ltd., in a bid to build its architectural paints business.

In a filing on the exchanges, the company said that it had agreed to acquire the architectural operations of Sherwin Williams Paints India Private Ltd., for an undisclosed sum.

Berger Paints Chairman K S Dhingra said that this transaction would significantly increase the company’s presence in key markets and would strengthen its strategy to grow this segment. “It brings a high quality team of employees to Berger Paints India, ” he said.

The U.S.-based Sherwin Paints entered India in 2007 through the acquisition of NITCO Paints, an unlisted company. The centuries-old Sherwin, which is among the world’s largest paint-makers, has a presence in a spectrum of products including architectural paints, protective and marine paints, automotive and aerospace paints.

Berger was founded in 1923, and is among the leaders in the Indian paint market. It manufactures and markets a range of decorative and industrial paintsthrough its seven manufacturing units.

Top News Today

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.