Kiilto’s business activities in Russia ceased
With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market.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