Paint & Coatings Manufacturer News

SigmaKalon acquires Surinamese market leader

June 18, 2007

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.