30.01.2020

Association of Eskaro Chemical LLC and Stolyar LLC (Optimist)

n January 27th, 2020, representatives of two leading paint companies Eskaro Chemical LLC and Stolyar LLC, known in the Russian market as Optimist, signed the merger agreement.

 

The new joint-venture will continue under the name of Eskaro. The new venture will become part of Eskaro Group AB, the international group of companies, which owns paint  production factories in Russia, Ukraine, Belarus, Estonia and Finland.

 

The merger was negotiated during the last two years. The goal of the merger is to strengthen the two companies’ position in decorative coatings market, primarily in Russia. As the result of the merger, the combined production volume will be 50 thousand tons annually. 

 

Growth of sales is planned primarily due to the integration of products of united brands.

A wide range of well-known brands: Latek, Optimist, Aura, Grover, Aquastop, Eskaro, etc will cover all price segments of the decorative paint and varnish market in Russia.

 

The merger does not imply changes of business terms with customers and suppliers. The merger is an opportunity for growth not only for us, as manufacturers, but also for our partners.

Previous

News