Kemira Coatings (Tikkurila), which is responsible for Kemira’s paints and coatings business, has prepared a merger plan in which Tikkurila Paints Oy and Tikkurila Coatings Oy will merge into their parent company, Tikkurila Oy.

VANTAA, Finland - Kemira Coatings (Tikkurila), which is responsible for Kemira’s paints and coatings business, has prepared a merger plan in which Tikkurila Paints Oy and Tikkurila Coatings Oy will merge into their parent company, Tikkurila Oy. The planned effective date for the merger is January 1, 2008. Under the merger agreement, all assets and liabilities as well as rights and obligations of the two subsidiaries in question will transfer to Tikkurila Oy as a universal succession. The planned merger will clarify the legal structure of Tikkurila and simplify the management of the company.