BRG: Special Advisory

Berger Paints Jamaica Limited (BRG) has advised that Mr. Mustafa Turra tendered his resignation as General Manager effective August 15, 2017. BRG further advised that Mr. Andy Mahadeo will act as the company’s General Manager until a replacement is in place.

Additionally, BRG has advised that concurrent with the indirect purchase of 51% of Berger Paints Jamaica Limited (Berger Jamaica), ANSA Coatings International Limited (ACIL) acquired from Berger International Private Limited (“BIPL”), the trademarks licensed to Berger Jamaica under a sub-license agreement between Lewis Berger (Overseas Holdings) Limited, a subsidiary  of BIPL, and Berger Jamaica. As a consequence of the assignment of trademarks, the sub-license agreement was terminated with effect from July 24, 2017.

ACIL has advised that Berger Jamaica will continue to use the said trademarks under the same terms and conditions of the sub-license agreement with LBOH, until December 31, 2017 when the terms and conditions of the arrangement will be reviewed.