HELSINKI, Finland - Coatings manufacturer Teknos Group Oy, Helsinki, Finland, has acquired the entire share capital of Estonia-based Kemiflora Kaubandus OÜ from AS Kemiflora. Kemiflora Kaubandus OÜ is an affiliated company of AS Kemiflora, to which AS Kemiflora has transferred its entire coatings business.
The acquisition is subject to approval by Estonia’s competition authorities; approval is expected within 20 days, after which the acquisition can be finalized.