SigmaKalon has acquired a controlling interest in Varossieau, the market leader in decorative coatings in Surinam.
Through this transaction, SigmaKalon will own a 51% stake in Varossieau. The remainder of the shares will be in the hands of a number of Surinamese investors.
Varossieau was established in 1959. Today it has 56 employees. The company owns a manufacturing facility and three shops in Paramaribo. It sells decorative coatings, under the brand Historex. Varossieau is the market leader in Surinam with 63% market share. In 2006, its sales were €5.1 million.
SigmaKalon acquires a majority stake in Surinamese market leader
By Tim Wright
Published May 17, 2007
Related Breaking News
- 43rd Annual Waterborne Symposium Announces Line-up
- CPI Unveils Survey Data of Polyurethanes Industry at 2015 Polyurethanes Technical Conference
- Sun Chemical Launches its Series of Pearlescent Pigments for Exterior Coatings
- Sika AG: Schenker-Winkler Holding Announces Challenge of Certain Decisions of Shareholders Meeting
Related Paint & Coatings Manufacturer News