PPG Industries acquired Tikkurila Oyj for $1.7 billion, a transaction completed in June 2021, structured as cash tender offer for all outstanding shares.
Tikkurila Oyj operates in Performance Coatings (Architectural Coatings EMEA) and Industrial Coatings. Leading Nordic producer and distributor of decorative paint and coatings, including an industrial paint business producing paints and coatings for the wood and metal industries. PPG owned 9.3% of Tikkurila immediately before the acquisition and reached 100% ownership through a squeeze-out during Q4 2021.
Expands PPG's decorative and industrial coatings footprint across the Nordic region and broader EMEA architectural market.
Advisory firms were not disclosed for this transaction.