PPG Industries completed the acquisition of Tikkurila for $1.8bn.

PPG Industries, a supplier of paints, coatings and speciality materials, completed the acquisition of Tikkurila, a manufacturer of paints and lacquers, for $1.8bn. “During the past three years, we have made a clear turnaround and significant progress with our strategy. Joining forces with PPG can help us further accelerate our development with access to new technologies and resources. We look forward to working together with PPG for an even more colourful tomorrow,” Elisa Markula, Tikkurila CEO. On January 18, 2021, Akzo Nobel offered to acquire Tikkurila for $1.69bn. On February 4, 2021, PPG and Tikkurila agreed on revised $1.8bn offer. On February 8, 2021, Akzo Nobel announced it will no longer pursue the acquisition due to the bidding competition. On April 14, 2021, PPG announced that it is extending the tender offer to May 11, 2021. On May 21, 2021; PPG recieves all regulatory approval for the $1.8bn acquisition of Tikkurila.