Tikkurila completed the acquisition of the operations of Zorka Color

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    • Jan 2009
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    Tikkurila completed the acquisition of the operations of Zorka Color

    (PR-inside.com) Tikkurila Oyj Press Release July 1, 2011 at 9.00 am (CET+1) Tikkurila has completed the acquisition of the business operations of Serbian paint company Zorka Color. Approvals from the competition authorities have been received and also other terms and conditions of the transaction have been fulfilled. The asset purchase agreement was signed in April 2011, and the business was transferred to Tikkurila on July 1, 2011. The purchase price paid at the time of the closing of the deal is approximately EUR 12 million. In addition, during the next four years Tikkurila will pay a possible additional purchase price, which will be based on the future results of the business operations ..

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