Layer Group Acquires Finnish Painting Company Tasoite- ja Maalaustyö Vista Oy
Tasoite- ja Maalaustyö Vista Oy is a traditional painting company specializing in contracting and renovation, located just north of Helsinki in Mäntsälä. Layer Group welcomes a profitable company and a skilled entrepreneur in CEO Joni Lindblom, simultaneously solidifying the group's position as one of Finland's largest painting companies.
Sari Lindblom, CEO assistant (Vista Oy), John Strand, CEO and President (Layer Group), Joni Lindblom, CEO (Vista Oy),
Hugo Tullberg Wengholm, M&A & CSO (Layer Group) and Kirsi Siltala, controller (Layer Group).
"We are acquiring a company with highly efficient drive and a keen sense for profitable projects and how to build strong relationships and satisfied customers. This, together with their stable and local market position, aligns completely with our business model and what we seek in companies to complement and develop our group," says John Strand, CEO and President of Layer Group.
With the acquisition of Tasoite- ja Maalaustyö Vista Oy, Layer Group continues its successful expansion in Finland, establishing a strong foothold in the Helsinki region alongside Kaukomaalaus, which has been part of the group since 2022. In Finland, there is another Layer Group company, Maalausliike Vainiomäki, enabling further development in the Finnish market and fostering collaborations among them. Layer Group is now one of Finland's leading painting companies and a well-established player in the Finnish market.
"To become a part of Layer Group enables us to continue offering our customers reliable professional expertise in the painting industry and provide dependable solutions for emerging challenges in the future. It also facilitates increased financial efficiency in the heightened competition we operate in. Layer Group's internal values and development of professional skills, are precisely the factors that will be the biggest contributors to the success of Vista Oy," says Joni Lindblom, CEO of Tasoite- ja Maalaustyö Vista Oy.
Tasoite- ja Maalaustyö Vista Oy, known for its orderliness, strong customer focus, and delivery quality that secures repeat customers, will maintain its operations and local brand while becoming part of a context with the ambition to reach the next level. Layer Group propels the group's development forward with a shared strategy for goals, vision, and sustainability. Additionally, the companies are offered support and networks for knowledge exchange, enhancing professionalism within the group, benefiting both the companies and individual employees.
About Tasoite- ja Maalaustyö Vista Oy
Tasoite- ja Maalaustyö Vista Oy was founded in 2009 and their head office is based in Mäntsälä. Customer assignments are carried out in the Helsinki region and southern Finland. They perform painting jobs in new construction for residential and public properties such as schools, hospitals, preschools, and hotels. They also excel in renovation painting, office adaptations, and commercial spaces. The company’s turnover has increased from around EUR 3 million in 2022 to over EUR 4 million, measured over a rolling twelve months in 2023, and demonstrates stability and strong profitability.
For more information, please contact:
John Strand
President and CEO, Layer Group
john.strand@layergroup.se
+46 70-233 07 69
About Layer Group
Layer Group is one of Sweden’s largest group of companies in the surface coating industry and consists of leading local companies with driven entrepreneurs and strong brands. Founded in May 2020, the group is a national player that can offer competitive services to both large and small customers, primarily in painting, flooring and industrial paints.
Today Layer Group has around 1,600 employees and a turnover of just over SEK 2.3 billion, with a presence throughout Sweden, from Trelleborg in the south to Kiruna in the north, as well as in large parts of Finland. Layer Group is owned by entrepreneurs and the Nordic investment companies Litorina and Bragnum Invest, which together are the largest shareholders. Litorina and Bragnum are investment companies investing in small and medium-sized companies in the Nordic region. They aim to develop companies into industry leaders together with their management through growth, profitability improvement and increased professionalism.
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