# PPG Industries to acquire Tikkurila for EUR 1.1 billion

PPG Industries agreed to buy Nordic paint and coatings company Tikkurila for EUR 25.00 per share in cash, valuing the company at about EUR 1.1 billion including debt. The tender offer is expected to be completed in the first half of 2021.

- Type: Acquisition
- Announced: 2020-12-18
- Where: Vantaa, Finland, Finland
- Value: $1.34B (1.10B EUR)
- Status: announced
- Products: decorative paint, coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PPG Industries](https://endata.com/companies/1219.md) (acquirer)
- [Tikkurila](https://endata.com/companies/25015.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/articles/ppg-to-buy-nordic-paint-and-coatings-company-tikkurila-in-eur-1.1-bln-deal-2020-12-18), 2020-12-18: "PPG Industries Inc. (PPG) agreed to buy Nordic paint and coatings company Tikkurila for 25.00 euros per share in cash, valuing the company at about 1.1 billion euros"
- [stocktitan.net](https://www.stocktitan.net/news/PPG/ppg-to-acquire-tikkurila-a-leading-nordic-paint-and-coatings-wu1inj2elzne.html), 2020-12-18: "The combination of PPG and Tikkurila is extremely complementary, both geographically and from a decorative brand perspective."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.