In 1989, Berger Paints Limited, being a public quoted company through the process of the Nigeria Stock Exchange, traded the Limited for PLC and officially became Berger Paints Nigeria Plc (BPNPlc).

In 1997 CAB (Overseas Holdings) Limited, United Kingdon, bought half of the offshore shares and the other half was taken over a management buy-out (MBO) Scheme.

In 1998, PZ Plc of Manchester (UK), divested and its shares were taken over through another MBO scheme. It is however on record that Berger Paints has had the most successful MBO scheme to date. It is equally noteworthy to mention the MBO had no technical fee, as the corporate name of BERGER and all the international brand names became free, giving Berger Paints Nigeria Plc the right to manufacture and market all the overseas Berger Brands in Nigeria.