M&A Deal Summary

PPG Acquires Tikkurila Oyj

On December 18, 2020, PPG acquired chemicals company Tikkurila Oyj for 1.1B EUR

Acquisition Highlights
  • This is PPG’s 32nd transaction in the Chemicals sector.
  • This is PPG’s 3rd largest (disclosed) transaction.
  • This is PPG’s 1st transaction in Finland.

M&A Deal Summary
Date 2020-12-18
Target Tikkurila Oyj
Sector Chemicals
Buyer(s) PPG
Deal Type Add-on Acquisition
Deal Value 1.1B EUR

Target

Tikkurila Oyj

Vantaa, Finland
Tikkurila Oyj offers a broad range of decorative paints for consumers and professionals for surface protection and decoration. The product offering includes, among others, interior paints, lacquers, and effect products, exterior products for wood, masonry, and metal surfaces, as well as services related to painting. Tikkurila was founded in 1862 and is based in Vantaa, Finland.

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Buyer(S) 1

Buyer

PPG

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1883
Sector Chemicals
Employees50,000
Revenue 18.2B USD (2023)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 41 of 44
Sector (Chemicals) 32 of 35
Type (Add-on Acquisition) 33 of 35
Country (Finland) 1 of 1
Year (2020) 4 of 4
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Ennis-Flint

Greensboro, North Carolina, United States

Ennis-Flint, Inc. provides reliable and longest-lasting pavement marking and traffic safety solutions around the world. The company helps make roads, airports, and pedestrian areas safer for everyone by allocating considerable resources. Ennis-Flint was founded in 2012 and is based in Greensboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 VersaFlex

Kansas, Kansas, United States

VersaFlex, Inc. manufactures and supplies pure polyurea protective coatings, linings, joint fillers, and repair materials for a wide variety of industrial, commercial, and maintenance environments. VersaFlex was founded in 1994 and is based in Kansas City.

Buy -
Mergr

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