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Berger Paints India Ltd is an Indian multinational paint company, based in Kolkata. [5] This company has 16 manufacturing units in India , [ 6 ] 2 in Nepal , and 1 each in Poland , Russia and Pakistan . [ 7 ]
Gurbachan Singh Dhingra is an Indian entrepreneur, promoter and vice chairman of Berger Paints. Gurbachan has been listed as one of Forbes India's richest Indians and also in its The World's Billionaires list among the highest Indians by net worth .
In 2002, Asian Paints acquired a 60% stake in Egyptian paint manufacturer SCIB Chemicals for ₹ 24.5 crore (US$5.04 million). [14] It also acquired a 50.1% stake in the SGX-listed Berger International Singapore, which had operations in 11 countries across Southeast Asia, West Asia, the Caribbean, China and Malta, for US$20.8 million. [15]
In June 2007, the Dutch firm AkzoNobel (owner of Crown Berger paints) bid £7.2 billion (€10.66 billion or $14.5 billion) for ICI. An area of concern about a potential deal was ICI's British pension fund , which had a deficit of almost £700 million and future liabilities of more than £9 billion at the time. [ 58 ]
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Kansai Nerolac Paints Limited (formerly known as Goodlass Nerolac Paints Ltd) is the largest industrial paint and third largest decorative paint company of India based in Mumbai. [3] [4] [5] It is a subsidiary of Kansai Paint of Japan. [6] As of 2015, it has the third largest market share with 15.4% in the Indian paint industry. [7]
Comex was the 4th largest paint manufacturer in North America. [38] After Mexican antitrust regulators voted against the deal twice, Sherwin-Williams bought Comex's US and Canadian divisions for $165 million on September 16, 2013. [39] PPG, US-based paint and coating company, acquired Comex's Mexican division for $2.3 billion.
ICI Paints was formed in 1926. The Dulux paint brand was introduced in 1931. [2] The name Dulux is derived from the words Durable and Luxury. In the early days of its existence, decorators and their suppliers were the main customers for Dulux, with Say Dulux to your decorator used as an advertising slogan in the 1950s.
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