Coatings World - May 2011

Tikkurila acquires Serbian
paint company Zorka Color

Tikkurila has acquired the business operations of Serbian paint company Zorka Color from Zorka Color d.o.o. and its subsidiaries. The acquisition is meant to strengthen Tikkurila’s position in Central Eastern Europe and in the Balkans in particular.

Zorka Color’s revenues in 2010 were approximately € 16.2 million with an operating profit (EBIT) of €1.0 million. The paint maker employs approximately 150 people.

The acquisition is expected to be complete by the end of June 2011. The purchase price will be specified before the closing, and the price will be partly based on the future results of the business operations to be acquired.

Zorka Color’s corporate and product
brands, customer relationships, other in-
tangible rights, machinery and equipment,
as well as the net working capital tied into
the business are included in the transac-
tion. However, land, buildings and inter-
est-bearing debt are not included in the
acquisition. In the acquisition, a long-term
lease agreement was also signed, enabling
Tikkurila to lease a production facility lo-
cated in Sabac, Serbia, from Zorka Color.
Zorka Color’s employees will become
Tikkurila’s personnel.

San Jose International Airport
first showcase for Duranar
powder coatings
The new Terminal B concourse at the Nor-
man Y. Mineta San Jose International Air-
port in California is the first monumental
architectural project constructed with Du-
ranar powder coatings by PPG Industries
(NYSE:PPG) industrial coatings business.
Duranar powder coatings are formulated
by PPG to provide the same long-term
durability as Duranar liquid coatings, but
in an environmentally advanced, ultra-low-
VOC powder. They are based on the same
polyvinylidene fluoride (PVDF) technology
as liquid Duranar coatings. Duranar Regal
White powder coatings were applied to a
series of curved, perforated metal panels
that arc over the main Terminal B structure.
The coating was specified by Fentress Ar-
chitects, Denver, CO. Overly Manufactur-
ing, Greensburg, PA, was the metal panel
manufacturer and Spectrum Metal Finish-
ing, Youngstown, OH, was the PPG Certi-
fied Applicator. Terminal B covers more
than 160,000 square feet and is designed to
accommodate up to 8. 5 million passengers
a year. The project earned LEED Silver cer-
tification from the U.S. Green Building

Addmaster wins the 2011 Queen’s Award for Enterprise

Addmaster, a UK-based producer of additives such as Biomaster Antimicrobial Technology, has been awarded the Queen’s Award for Enterprise in the International Trade category.

Addmaster, based in Staffordshire was set up by managing director Paul Morris eleven years ago. Addmaster’s top selling product is its Biomaster Antimicrobial Technology, which is exported worldwide for use in plastics, paper, textiles, paints and coatings. It is a silver-based additive designed to stop the growth of bacteria on the surface it is added into and is used extensively in the medical, healthcare and food hygiene industries in applications such as doctors case note holders, nurse’s uniforms, medical equipment, food packaging, food preparation equipment and wall and surface coatings.

“We are very proud to accept the Queens Award for Enterprise in International Trade. It is the culmination of eleven years hard work, ‘world
firsts’ and is a real credit to our team,” said Morris. “We are particularly well known at home and overseas for our work in developing Biomas-
ter, a unique but simple antimicrobial additive that is safe, durable and effective in all applications against bacteria such as MRSA, E.Coli and
Campylobacter.”
With infection control and hygiene now the priority for many institutions, including hospitals, schools, food manufacturing plants and su-
permarkets, Addmaster is set for even more growth in the international arena in the coming years.

“The award coincides with our export drive and overseas market expansion that has seen the appointment of sales director David Wells as our international business director from April 1,” said Morris. “Our business model has been to use UK manufacturers to produce our products developed by our internal research team and then market these to both local and international markets via a network of specialist agents and distributors. By keeping our R&D and manufacturing in the UK we are able to support our local economy and tap into the plentiful resources this country has so we can ensure all our products are produced to the high specification our global customers require.”