Coatings World - July 2012

30Benjamin Moore Montvale, New Jersey/USA www.benjaminmoore.com29 Forbo Baar, Switzerland www.forbo.com

PUBLIC COMPANY YEAR ES TABLISHED: 1928

REVENUE: $662 million ▲

(2010: 562mn)

MARKETS SERVED
• Industrial adhesives
KEY EXECUTIVES
Albert Gnagi, chairman of the board
of directors; This Schneider, CEO;
Michel Riva, executive VP, bonding
systems.

PRIVATE COMPANY YEAR ES TABLISHED: 1883 REVENUE: $550 million ; (2010: 695mn)

MARKETS SERVED
• Architectural coatings
• Wood coatings
KEY EXECUTIVES
Bob Merritt, president and CEO;
Jim Megin, VP finance, CIO and
treasurer; Barry Cladwick, VP mar-
ket development and product; Ken
Marino, VP supply chain.

In December 2011, Forbo announced it had signed an agree- ment with H.B. Fuller on the sale of its industrial adhesives and synthetic polymers businesses. Among the world’s leading suppliers of industrial adhesives, in recent years, Bonding Systems has successfully strengthened its position in growth markets by building-up new production sites, particularly in China and Russia. At the same time, it has launched innovative products to increase the share of specialty products in its offering and developed high-quality applications for key market segments. The unit recorded sales of $662 million in 2011. Following the sale of the industrial adhesives and synthetic polymers activities, only the building and construction adhesives activity will remain in the Bonding Systems division.

Benjamin Moore & Co. and Orchard Supply Hardware, a California-based home improvement retailer, formed during the year a strategic alliance that will yield distribution of the 129-year-old paint brand through the chain’s stores statewide. Currently, Orchard has 87 stores with plans to add another three this year. Benjamin Moore will be Orchard’s exclusive supplier of architectural paint. Orchard’s Benjamin Moore product lineup will include Regal Select, ben, Concepts, Arborcoat Exterior Stain and Imagine by Insl-x, along with selected primers and applicators. Benjamin Moore’s award-winning low-VOC Aura Paint will be available in select Orchard stores only. Orchard plans began selling Benjamin Moore paint in selected markets beginning in early April, with all locations carrying the product offerings by end of summer.

31Berger Paints India Ltd. Kolkata, India www.bergerpaints.com

PUBLIC COMPANY YEAR ESTABLISHED: 1923 REVENUE: $525 million ▲ (2010: 378mn)

MARKETS SERVED
• Decorative coatings
• Automotive coatings
• Industrial coatings
KEY EXECUTIVES
Subir Bose, managing director, execu-
tive director; Kuldip Singh Dhingra,
chairman of the board; Anirudha Sen,
vice president.

32National Paints Factories Co. Amman, Jordan www.nationalpaints.com

PRIVATE COMPANY YEAR ESTABLISHED: 1969

REVENUE: $493 million ▲

(2010: 347mn)

MARKETS SERVED
• Decorative coatings
• Powder coatings
• Marine coatings
• Industrial coatings
• Insulation system paints
KEY EXECUTIVES
Michael Faeq Sayegh, chairman, Sayech
Group; Saleem Faeq Sayegh, GM, Na-
tional Paints UAE; Ibrahim Faeq Sayegh,
GM, National Paints Jordan and techni-
cal director; Faeq Michael Sayegh, GM,
National Paints Egypt; Fares Michael
Saeyegh, GM, National Paints Romania;
Nazi Qopti Sayegh, marketing director.

Berger Paints was founded in 1923 and is India’s second largest decorative paints player with sales of $525 million in 2011. It is active in a wide variety of decorative and industrial paint sectors and continues to gain an increasing share of the highly competitive Indian paint market. Apart from operations in Russia, with a production facility at the Berger manufacturing unit at Krasnodar, Berger has also expanded its footprint in Nepal by setting up a second unit. Today Berger’s sister company in Bangladesh is the dominant leader with over 65 percent market share. In keeping with the company’s dynamic growth plan, Berger has also acquired Bolix SA of Poland, a leading provider of External Insulation Finishing Systems (EIFS) in Eastern Europe. Berger is also the lone supplier to India’s nuclear power plants.

National Paints Factories Co., Ltd. (Sayegh Group) claims the number one position in the Middle East paint market with an annual production capacity of 300,000 tons of exports to more than 60 Arab and other countries. It’s sales grew from $347 million in 2010 to $493 million in 2011. National Paints is involved in a number of sectors including architectural/decorative ( 35 percent), industrial ( 35 percent), auto OEM ( 15 percent), auto refinish ( 10 percent) and marine (five percent). In recent news the company said it is currently in negotiations for the building of new factories in Libya and Iraq. DuPont signed a DuPont Teflon surface protector trademark license agreement with National Paints. National Paints will co-brand three interior and two interior/exterior paints and a wood varnish with DuPont Teflon.