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Tikkurila companies to merge

Tikkurila companies to merge

By: Tim Wright

Editor-in-Chief, Contract Pharma

Kemira Coatings (Tikkurila), which is responsible for Kemira’s paint and coatings business, has prepared a merger plan according to which Tikkurila Paints Oy and Tikkurila Coatings Oy will merge into their parent company Tikkurila Oy. The planned effective date for the merger is January 1, 2008. Under the merger agreement, all assets and liabilities as well as rights and obligations of the two subsidiaries in question will transfer to Tikkurila Oy as a universal succession.

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