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Asian Paints said it has closed its open offer for buying the shares of Berger International Ltd, Singapore and has acquired
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Established in Undercooked, Berger Paints is the amongst the largest show manufacturers in India. It has operations spread crosswise India with seven confine It as well has four facilities abroad. It employs over 2, people and has a distribution network of over and beyond 15, dealers.
The establishment acquired Bolix, a Poland based party in April , which is a leading provider of Outer Insulation Finishing Systems EIFS , a comprehensive revelation for tryst both the insulation and decorative requirements of exotic walls of buildings.
Asian Paints is the gaffer in the Indian cover industry. In FY12, the company announced its scenario forming a new More with PPG Industries for servicing the vigilant, powder coatings and land industrial coatings market. Asian Paints has made definitely a scattering acquisitions of late, to the core which it has increased its broad presence it currently operates in 17 countries and has 24 paint manufacturing facilities in the exceptional servicing consumers in closed 65 countries.
Share bazaars in India continued to trade in the red during closing hours and ended their trading conference marginally further.
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- Make stock comparison and analysis on Berger Paints ( | BERGEPAINT~ EQ) with Asian Paints ( | ASIANPAINT~EQ) online at Equitymaster. BOMBAY - Asian Paints (India) Ltd., the largest paint manufacturer in India, announced plans to acquire a controlling % stake in Berger International Ltd. .
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