Tikkurila has completed the sale of its two retail stores in Sweden. All the shares in Färgglädje Måleributiken i Alvik AB, as well as the assets of Alcro-Beckers AB's retail store in Uppsala, Sweden, were transferred to the buyers on December 30, 2011. The transactions were agreed on and announced in October 2011.
In 2010, the revenue of the divested businesses totaled approximately €6.5 million and the number of employees was 40. The purchase price is SEK 25.0 million (about €2.7 million). The transactions will not have a significant impact on Tikkurila's fourth quarter result.
The buyers in the transaction include Niklas Frisk, acting earlier as the head of Tikkurila's SBU Scandinavia, and other private persons.
Tikkurila completes the sale of two retail stores in Sweden
Published January 5, 2012
Related Breaking News
- BASF Showcases Technologies for Radiation Curing at RadTech Europe 2015
- WACKER Expands Mexico Technical Center to Include Dispersion Applications for Coatings & Adhesives
- BASF Expands Production Capacity for Emollients and Waxes in China
- Dymax Oligomers & Coatings to Present at RadTech Europe 2015 Conference
Related Paint & Coatings Manufacturer News