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Berger Paints completes acquisition of Saboo Coatings

06 Jun 2017 Evaluate

Berger Paints has completed acquisition of 100% of the paid up equity share capital of Saboo Coatings on June 5, 2017. As a result, Saboo Coatings is now a 100% subsidiary of Berger Paints India.

Berger Paints India is the second largest paint company in India with a gross turnover of more that Rs 5,000 crore. It is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.

Peers
Company Name CMP
Asian Paints 2444.40
Berger Paints India 452.60
Kansai Nerolac Paint 181.25
JSW Dulux 3136.45
Indigo Paints 1138.15
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