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SigmaKalon acquires a majority stake in Surinamese market leader

SigmaKalon acquires a majority stake in Surinamese market leader

By: Tim Wright

Editor-in-Chief, Contract Pharma

SigmaKalon has acquired a controlling interest in Varossieau, the market leader in decorative coatings in Surinam.

Through this transaction, SigmaKalon will own a 51% stake in Varossieau. The remainder of the shares will be in the hands of a number of Surinamese investors.

Varossieau was established in 1959. Today it has 56 employees. The company owns a manufacturing facility and three shops in Paramaribo. It sells decorative coatings, under the brand Historex. Varossieau is the market leader in Surinam with 63% market share. In 2006, its sales were €5.1 million.

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