IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

SigmaKalon Expands in Caribbean

1:36 PM MDT | August 9, 2007 | Chemical Week Editorial Staff

SigmaKalon says it has acquired a 51% stake in Varossieau (Paramaribo), a decorative coatings maker that commands 63% of the Surinamese paint market. Terms were not disclosed. Surinamese investors own the remaining shares. Varossieau’s 2006 sales were €5.1 million ($6.9 million), SigmaKalon says. The deal improves SigmaKalon’s access to the Caribbean market, the company...

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