Teknos to acquire parquet product business from Kiilto
Teknos acquires parquet product business from Kiilto. The product assortment consists of primer lacquers, 1-component and 2-component lacquers and parquet fillers. Through the acquisition, Teknos gets the ownership of the recipes, trade names, customer contacts and know-how. The transfer of sales and logistics will take place on 1 November 2018 and the transfer of production is planned to take place early 2019.Kiilto parquet business covers markets in Finland, Sweden, Latvia, Lithuania, Estonia, Poland, Russia, Belarus and Ukraine with an extensive network of customers. The customers are