Tikkurila completes the divestment of its powder coatings business
Tikkurila divested 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 revenue of the sold company was EUR 2.4 million in 2010, and it employs some 50 people. The transaction does not have a significant impact on the financial result or balance sheet of the Tikkurila Group.
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