Tikkurila has acquired rest of shares in its industrial coatings companies in Russia

Citation

(2009), "Tikkurila has acquired rest of shares in its industrial coatings companies in Russia", Pigment & Resin Technology, Vol. 38 No. 5. https://doi.org/10.1108/prt.2009.12938eab.009

Tikkurila has acquired rest of shares in its industrial coatings companies in Russia

Article Type: Industry news From: Pigment & Resin Technology, Volume 38, Issue 5

Tikkurila has acquired the remaining 30 percent of the shares in two St Petersburg-based paint companies from their founders and previous management. OOO Gamma Industrial Coatings is a producer of metal industry coatings and OOO Tikkurila Powder Coatings is a producer of powder coatings. After the transaction, Tikkurila owns 100 percent of both companies. In spring 2007, Tikkurila acquired a 70 percent stake in the industrial coatings companies OOO Gamma Industrial Coatings and OOO Tikkurila Powder Coatings. They produce and market industrial coatings under the brand names Gamma and Ohtek with acombined revenue totalling approximately €10.7 million and a staff of 155. Tikkurila currently has five paint factories in Russia. Products from these factories are sold under the brands of Teks, Finncolor, Gamma, and Ohtek.