Tikkurila to Acquire Majority Stake in Ukraine's Kolorit
VANTAA, Finland - Tikkurila Oy, the paint and coatings business of Finland-based Kemira Oyj, announced plans to acquire a 51% stake in Kolorit Paints, based in Kiev, Ukraine. Completion of the transaction was anticipated in September.
Kolorit manufactures waterborne varnishes and paint, and has annual sales of approximately $2 million (U.S.).