IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Kemira Buys Slovakian Paints Firm

7:40 AM MST | December 18, 2008 | Alex Scott

Kemira’s paints and coatings business Tikkurila says it has agreed to acquire sales company Finncolor Slovakia (Martin, Slovakia). Tikkurila says it has agreed to acquire 100% of the business from its management. The transfer is expected to be completed on December 31. The company name will be changed to Tikkurila Slovakia. Financial details were not disclosed.   The acquisition bolsters Tikkurila’s presence in eastern Europe, the company says. Finncolor’s operations in 2007 generated €3 million ($4 million). Finncolor Slovakia until...

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