Tikkurila to sell its powder coatings business
Tikkurila is to divest its industrial powder coatings business, because it is not a part of Tikkurila's core business. After the transaction, Tikkurila has no powder coatings related operations.
The transaction will not have a significant impact on the financial result or balance sheet of the Tikkurila Group. The revenue of OOO Tikkurila Powder Coatings will be approximately EUR 2.3 million in 2010, and the company employs some 50 people.
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