European Coatings Journal - 15.01.2021 | INDUSTRY NEWS

MARKET MOVES

Acquisitions PPG will commence a tender offer to acquire Tikkurila for a total transaction value of approximately EUR 1.1 billion. The producer and distributor of decorative paint and coatings with operations in 11 countries and more than 80 % of its revenue coming from Finland, Sweden, Russia, Poland, and the Baltic states. Furthermore, PPG has reached an agreement to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. Both transactions, subject to customary closing conditions, are expected to close within 2021. ...
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