Coatings World - July 2016

Tikkurila Oyj is a Finnish manufacturer of paints and lac- quers. Tikkurila is the market leader in decorative paints in Russia, Sweden, Finland and the Baltic countries. Russia, Sweden, Finland and Poland account for 80 percent of the Group’s revenue. Tikkurila has decided to change its business model in the Ukrainian and Belarussian markets, and has entered into an agreement to sell the entire share capital of its subsidiaries in Ukraine and Belarus to a company established by Tikkurila’s local management. The new company will continue the distribution of Tikkurila’s products in both countries. The combined revenue of the two companies to be sold was approximately € 12 million in 2015, and the number of employees totaled 90. It is estimated that the transaction, subject to fulfilment of agreed preconditions, will be closed during the second quarter of 2016.

Beckers is a privately-owned, global industrial coatings com- pany with Swedish roots, providing products and services across many manufacturing sectors. Operations currently span five continents in some 18 countries and at 22 sites. It aims to be the industry leader in strategically chosen segments and regions, to be highly regarded customers for dedication and professionalism and to be known as the most sustainable coatings company. In 2015 sales increased by 6 percent in Swedish Krona. The company opened sites in Indonesia, Turkey and Mexico in the past two years, as well as establishing a presence in Argentina. For 2016 the company reported that businesses are well on track to attain long-term strategic goals with a continued focus on European markets and attractive development regions.

PUBLIC COMPANY YEAR ESTABLISHED: 1892

REVENUE: $638 million MARKETS SERVED

• Decorative coatings

KEY EXECUTIVES

Erkki Jarvinen, president and CEO; Jukka Havia, CFO; Petri Miettinen, VP, supply chain and HSEQ; Anna-Lena Hogfeldt, VP, group marketing; Kenneth Sundberg, VP, R&D; Janno Paju, VP, East.

PRIVATE COMPANY YEAR ESTABLISHED: 1865

REVENUE: $710 million MARKETS SERVED

• Industrial coatings • Coil coatings • Consumer design finishes

KEY EXECUTIVES

Boris Gorella, CEO; Karsten Eller, COO, Nathalie Benedikt, CFO; Olivier Laune, CAO; Bernd Vogel, CTO; Dott.Giordano Mettus, Global HRD; Christophe Sabas, president CC EA&A.