Tikkurila to acquire the operations of Serbian paint company Zorka Color

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    • Jan 2009
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    Tikkurila to acquire the operations of Serbian paint company Zorka Color

    (PR-inside.com) Tikkurila OyjPress ReleaseApril 19, 2011 at 1.15 pm (CET+1)Tikkurila has today on April 19, 2011 entered into an agreement to acquire thebusiness operations of Serbian paint company Zorka Color. The seller of theoperations to be acquired is Zorka Color d.o.o. and its subsidiaries, and thebuyer is Tikkurila Oyj and its subsidiaries. The acquisition will strengthenTikkurila's position, in accordance with the company's strategy, in CentralEastern Europe and in the Balkans in particular.According to Zorka Color, the company's revenue in 2010 was approximately EUR16.2 million, operating profit (EBIT) EUR 1.0 million, and the average number ofemployees some 150.The completion of the acquisition ..

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