CALCUTTA, India - Berger Paints India Ltd. has agreed to acquire, through its wholly owned subsidiary firm Brushworks Paints Ltd., the architectural operations of Sherwin-Williams Paints India Pvt. Ltd. for an undisclosed sum.
"This transaction will significantly increase our presence in key markets. It builds on our strategy to grow our architectural paint business throughout India, and it brings a high-quality, committed team of employees to Berger Paints India Limited. We are proud to welcome such a well-respected team into the Berger family," said Berger Paint's Chairman K.S. Dhingra.
The company manufactures and markets a range of decorative and industrial paint products. It has operations throughout India with seven manufacturing facilities, over 135 depots, over 2,500 employees and more than 15,000 dealers.