Kemira: Tikkurila buys JUB's stake in trading company Tikkurila JUB
Romania SRL
(Thomson Reuters ONE) - Kemira GroupPress ReleaseAugust 27, 2009 at 13.00 pm (CET+1)Tikkurila, which is responsible for Kemira's paints and coatingsbusiness, will strengthen its position in the South Eastern Europeanpaint market. Tikkurila has agreed to acquire the 50% stake of theSlovenian JUB in the trading company Tikkurila JUB Romania SRL. Theownership will be transferred on September 1, and after thisTikkurila owns 100% of the company that will change its name toTikkurila SRL. The parties have agreed not to disclose any financialdetails.Tikkurila JUB Romania SRL was established in May 2008 for marketing,selling and distributing Tikkurila's and JUB's decorative paints inRomania. Following the new ownership structure, the service conceptof Tikkurila SRL will also include Tikkurila's industrial coatings.With an office and a warehouse in Bucharest, the company employsaround 10 people.Tikkurila has been active in Romania since 1998 through its Hungariansubsidiary Tikkurila Kft. The first customers were for industrialcoatings, and later the distributor network has also been used tosupport the decorative paints activities.Tikkurila is the leading paints and coatings company in Finland,Sweden and Russia and one of the leaders in its field in the BalticStates. Tikkurila provides consumers, professional painters andindustrial customers with branded products and expert services inapproximately 40 countries. Its range consists of decorative paintsand coatings for the wood and metal industries. In 2008, the companyhad a revenue of EUR 648 million and a staff of 4,000.For more information, please contact:Tikkurila OyMarkku Immonen, President, Tikkurila Deco InternationalMobile phone +420 7 2460 3368Tikkurila OyIlpo Jousimaa, President, Tikkurila Industrial CoatingsMobile phone +358 400 499 855JUB-H d.d.Stefan Hoyer, President of the Management BoardPhone +386 (1) 5884 101www.tikkurila.com, www.jub.euKemira is a focused company, best in water and fiber managementchemistry.In 2008, Kemira recorded revenue of approximately EUR 2.8 billion andhad a staff of 9,400. Kemira operates in 40 countries.www.kemira.comhttp://hugin.info/3008/R/1337539/318745.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 27.08.2009 - 12:00 Uhr
Sprache: Deutsch
News-ID 5173
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Romania SRL"
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