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The ANSA McAL Group is pleased to announce that it has completed its acquisition of Lewis Berger Overseas Holdings (LBOH), a major shareholder of all three Berger companies in Trinidad and Tobago, Barbados and Jamaica.
Speaking about the transaction, Group Chairman and Chief Executive of the ANSA McAL Group, Mr A. Norman Sabga stated, “We are enthusiastic about our common vision and the added value we can create for customers. We recognize the importance of partnerships in accelerating growth and we are now poised to leverage our combined teams and resources to produce even greater value for our customers in the Caribbean architectural coatings market. We are pleased to have all three Berger entities as new operating subsidiaries of the ANSA McAL Group and look forward to working with all Berger’s employees to execute on our vision. Together, we will define the future of the paints and coatings industry in the Caribbean”, he concluded.
About ANSA McAL Limited:
Headquartered in Port of Spain, Trinidad and Tobago, the ANSA McAL Group is a diversified conglomerate across eight industrial sectors and operating in over eight territories. ANSA McAL is publicly listed on the Trinidad and Tobago Stock Exchange with market capitalisation of US$1.7 billion. Through its ANSA Coatings Limited subsidiary, it has produced and marketed paints, coatings and materials trusted by customers for over 55 years.
About Lewis Berger Overseas Holdings (LBOH):
LBOH is a privately held UK company with equity-ownership stakes of 100%, 70% and 51% in Berger Paints Barbados Limited, Berger Paints Trinidad Limited and Berger Paints Jamaica Limited respectively. The combined Berger Caribbean business has estimated net sales of US$35 million.
Corporate Communications Department
ANSA McAL Group of Companies
Tuesday 25th July, 2017