Tikkurila Buys JUB's Stake in Tikkurila JUB Romania SRL
August 28, 2009
VANTAA, Finland - Tikkurila, which is responsible for Kemira's paints and coatings business, is strengthening its position in the southeastern European paint market. Tikkurila has agreed to acquire the 50 percent stake of the Slovenian JUB in the trading company Tikkurila JUB Romania SRL. The ownership will be transferred on Sept. 1, at which time Tikkurila will own 100 percent of the company and will change the name to Tikkurila SRL.
Tikkurila JUB Romania SRL was established in May 2008 for marketing, selling and distributing Tikkurila's and JUB's decorative paints in Romania. Following the new ownership structure, the service concept of Tikkurila SRL will also include Tikkurila's industrial coatings.