28-Aug-2009: Tikkurila, which is responsible for Kemira's paints and coatings business, will strengthen its position in the South Eastern European paint market. Tikkurila has agreed to acquire the 50% stake of the Slovenian JUB in the trading company Tikkurila JUB Romania SRL. The ownership will be transferred on September 1, and after this Tikkurila owns 100% of the company that will change its name to Tikkurila SRL. The parties have agreed not to disclose any financial details.
Tikkurila JUB Romania SRL was established in May 2008 for marketing, selling and distributing Tikkurila's and JUB's decorative paints in Romania. Following the new ownership structure, the service concept of Tikkurila SRL will also include Tikkurila's industrial coatings. With an office and a warehouse in Bucharest, the company employs around 10 people.