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UPDATE 1-Sherwin, PPG among suitors for SigmaKalon -sources

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LONDON, July 17 (Reuters) - Private equity firm Bain Capital was poised to receive about six offers on Tuesday for SigmaKalon, the Dutch paint and coatings company it has put up for sale, according to people familiar with the situation.

Among the likely bidders are Sherwin-Williams Co. SHW.N, the largest U.S. paint maker, and rival PPG Industries PPG.N, the sources said.

Private equity firms Warburg Pincus [WP.UL], PAI, BC Partners and LBO France are also planning to bid, they added.

Bain, which in May hired UBS and HSBC to help run an auction, declined to comment, as did the banks and the private equity firms.

A Sherwin-Williams spokesman said the company had no comment and a PPG spokesman was not immediately available.

Suitors only began reviewing detailed financial information recently, one of the sources said, indicating there is likely to be at least one more round of bids.

Bain bought the business in March 2003 from the French oil and gas company then known as TotalFinaElf and now called Total SA for about 1 billion euros ($1.38 billion), or about 0.6 times revenue.

SigmaKalon has about 10,000 employees and makes most of its money supplying the decorating market with its own branded paint ranges for the trade and retail sector, and supplies private-label paints to DIY chains.

Its strongest markets are the Netherlands and France. (Additional reporting by Karen Jacobs in Atlanta and Euan Rocha in New York)