Press Releases 2011

Tikkurila completes the divestment of two retail stores in Sweden

30.12.2011 15:30

Tikkurila Oyj
Press Release
December 30, 2011 at 3:30 p.m. (CET+1)

Tikkurila has completed the sale of its two retail stores in Sweden. All the shares in Färgglädje Måleributiken i Alvik AB, as well as the assets of Alcro-Beckers AB's retail store in Uppsala, Sweden, were transferred to the buyers on December 30, 2011. The transactions were agreed on and announced in October 2011.

In 2010, the revenue of the divested businesses totaled approximately EUR 6.5 million and the number of employees was 40. The purchase price is SEK 25.0 million (about EUR 2.7 million). The transactions will not have a significant impact on Tikkurila's fourth quarter result.

The buyers in the transaction include Niklas Frisk, acting earlier as the head of Tikkurila's SBU Scandinavia, and other private persons.


For further information, please contact:

Tikkurila Oyj
Erkki Järvinen, President and CEO
Mobile +358 400 455 913, erkki.jarvinen@tikkurila.com


Tikkurila provides consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries.  - Tikkurila inspires you to color your life.

www.tikkurilagroup.com

 


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