Asian Paints India to Acquire Majority Stake in Berger Ltd.
BOMBAY - Asian Paints (India) Ltd., the largest paint manufacturer in India, announced plans to acquire a controlling 50.1% stake in Berger International Ltd., a Singapore-based coatings producer with operations in 11 countries in Asia, the Middle East and the Caribbean.
Asian Paints said the acquisition will be its largest outside India, and will expand its operations to 23 countries. Berger International manufactures a variety of coatings, including protective, industrial and marine products.