Welcome Guest to Coatings World    Login || Register
Last Updated Sunday, October 4 2015

Tikkurila Acquires Two

Published May 17, 2007
Kemira has recently strengthened its market position in Eastern European paint markets. Tikkurila, which is responsible for Kemira’s paint and coatings business, acquired 70% of two St. Petersburg, Russia-based paint companies by the name of Gamma and Ohtinski zavod poroshkovyh krasok.
Gamma is one of the most significant producers of metal industry coatings in Russia with net sales of approximately €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 approximately €3 million and it employs 50 people.
The acquired companies will continue their operations as new companies under the names of Gamma Industrial Coatings and Tikkurila Powder Coatings. The whole personnel will transfer to the new companies. The present management will continue both as management and minority shareholders of the new companies.
The acquisition will considerably increase Kemira’s sales and market position in the Russian metal industry coatings market, according to the company.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Follow Coatings World On