Tikkurila Oyj’s Swedish subsidiary, Dickursby Holding AB, is selling all the shares in OOO Tikkurila Powder Coatings, a Russian industrial coatings company, to Teknos Group Oy.

VANTAA, Finland – Tikkurila Oyj’s Swedish subsidiary, Dickursby Holding AB, is selling all the shares in OOO Tikkurila Powder Coatings, a Russian industrial coatings company, to Teknos Group Oy. With a production plant in St. Petersburg, Russia, OOO Tikkurila Powder Coatings sells and markets its products in Russia under the Ohtek brand. After the transaction, Tikkurila will have no powder coatings-related operations.