Citation
(2007), "Kemira: deal between Tikkurila and Russian industrial coatings companies confirmed", Anti-Corrosion Methods and Materials, Vol. 54 No. 4. https://doi.org/10.1108/acmm.2007.12854dab.031
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited
Kemira: deal between Tikkurila and Russian industrial coatings companies confirmed
Kemira follows its strategy of strengthening its market position in Eastern European paint markets. The transaction by which Tikkurila, which is responsible for Kemira's paints and coatings business, acquires 70 percent of two St Petersburg-based paint companies by the name of OOO “Gamma” and OOO “Ohtinski zavod poroshkovyh krasok,” has been concluded. The parties have agreed on not disclosing any financials details. Gamma is one of the most significant producers of metal industry coatings in Russia with net sales of approx. 8 million and a staff of 110. Ohtinski zavod poroshkovyh krasok manufactures and markets powder coatings under its own “Ohtek” brand. The company has net sales of some 3 million and it employs 50 people.