IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Tikkurila Acquires Full Ownership of Romanian Trading Company

4:43 AM MDT | August 27, 2009 | Deepti Ramesh

Tikkurila (Helsinki) Kemira’s paints and coatings subsidiary, says it has agreed to acquire the 50% stake of Slovenian paint firm JUB (Ljubljani) in their joint venture trading company Tikkurila JUB Romania (Bucharest). Financial details of the deal were not disclosed. Tikkurila JUB Romania was established in May 2008 for marketing, and selling Tikkurila’s and JUB’s decorative paints in Romania. The ownership will be transferred on September 1, 2009 and following the transfer, Tikkurila will own 100% stake in Tikkurila JUB Romania. The company...

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