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.

 

More Stories from the Market
shutterstock_556282549
April 08, 2026 Economic growth in Latin America and the Caribbean is projected to moderate in the near term, reflecting a challenging global and re…
shutterstock_367343003
April 08, 2026 Net International Reserves – March 2026 BOJ has reported that Jamaica’s Net International Reserves as at March 31, 2026, stood at…
shutterstock_453968572
April 8, 2026 United States: US and Iran Agree to Ceasefire, Easing Energy-Crisis Fears   The US and Iran agreed to a two-week cease…
shutterstock_148562033
April 7, 2026   Jetcon Corporation Limited (JETCON) has advised that a connected party purchased a total of 50,000 JETCON shares during the…
shutterstock_68191825
April 07, 2026 The seasonally adjusted unemployment rate in the euro area was 6.2% in February 2026, up from 6.1% in January 2026 and down from 6.3…
shutterstock_193038047
April 07, 2026 Weekly Pick 07.04.2026 DOLLA Disclaimer: Analyst Certification – The views expressed in this research report accurately re…
new-notes-thumnail
April 07, 2026 Government Operations Results for February 2026 Disclaimer: Analyst Certification – The views expressed in this research repor…
shutterstock_382756177
April 7, 2026 The Consolidated Bakeries (Jamaica) Limited (PURITY) Audited financials for the year ended December 31, 2025: The Consolidated …