ACQUIRED D&M COATINGS
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 approximately
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.