{"id":19881,"date":"2023-02-10T10:41:29","date_gmt":"2023-02-10T10:41:29","guid":{"rendered":"https:\/\/www.kiilto.com\/newsroom\/kiiltos-business-activities-in-russia-ceased\/"},"modified":"2023-02-10T10:41:29","modified_gmt":"2023-02-10T10:41:29","slug":"kiiltos-business-activities-in-russia-ceased","status":"publish","type":"post","link":"https:\/\/www.kiilto.com\/newsroom\/kiiltos-business-activities-in-russia-ceased\/","title":{"rendered":"Kiilto\u2019s business activities in Russia ceased"},"content":{"rendered":"<p ><span><span ><span><span >Kiilto began to look for a legally appropriate way to exit the Russian market in March 2022. In July 2022, Kiilto and Bergauf Group reached an agreement on the acquisition of several construction and industrial adhesive subsidiaries. With the recently concluded transaction, AO Kiilto-Klei, OOO Kiilto Family and OOO Kiilto-Klei Ramenskoe were transferred to Bergauf Group. Bergauf Group is one of Russia\u2019s most prominent construction chemical manufacturers.<\/span><\/span><\/span><\/span><\/p>\n<p ><span><span ><span><span >In September 2022, Kiilto and O3 Chemicals signed an agreement on the sale of OOO KiiltoClean. O3 Chemicals is an industrial coatings manufacturer that has owned a professional cleaning product and disinfectant plant in Rostov-on-Don since 2020. <\/span><\/span><\/span><\/span><\/p>\n<p ><span><span ><span><span >With these transactions completed, Kiilto\u2019s entire Russian operations, which encompassed three production plants and approximately 200 employees, have now been transferred to new owners. The transition will be carried out in accordance with the applicable legislation and sanctions and taking into account staff safety. <\/span><\/span><\/span><\/span><\/p>\n<p><span><span ><span><span ><span><span ><span><span >The goal of selling the Russian subsidiaries was not financial gain, but rather finding a legal way to exit the Russian market. In 2021, Kiilto\u2019s Russian operations accounted for about 10% of the company\u2019s turnover. Kiilto\u2019s operations in Belarus ceased in spring 2022 and the liquidation of the company will be finalized during February 2023. <\/span><\/span><\/span><\/span> <\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kiilto began to look for a legally appropriate way to exit the Russian market in March 2022. In July 2022,…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":""},"categories":[4,273],"tags":[],"lang":"en","translations":{"en":19881},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/posts\/19881"}],"collection":[{"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/comments?post=19881"}],"version-history":[{"count":0,"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/posts\/19881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/media?parent=19881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/categories?post=19881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kiilto.com\/wp-json\/wp\/v2\/tags?post=19881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}