SigmaKalon and Gilde Participaties have reached an agreement for the acquisition by SigmaKalon of Doelfray & Macostan Coatings BV (D&M) in Veenendaal.
SigmaKalon, a worldwide player in decorative, marine, protective and industrial coatings, employs around 10,000 people in 40 countries, with a focus on Europe, Asia and Africa. Turnover of SigmaKalon in 2004 was roughly 1.7 billion euros.
D&M Coatings is a specialized manufacturer of coatings for the joinery, furniture and light metal industry in Western Europe. D&M generated a turnover of around 23 million euros in 2004 and employs 80 people.
With its state-of-the-art production facility D&M will further strengthen
the Industrial Coatings Business unit of the SigmaKalon Group. The closure of this transaction is subject to regulatory approval from the German Federal Cartel Office.