Teknos has completed the acquisition of Feyco Treffert
Teknos has completed the acquisition of Feyco Treffert, a company specializing in wood coatings, and Schekolin AG, as announced on April 11, 2017. The acquisition is an important part of Teknos’ growth strategy. The acquisition will provide Teknos with access to new markets in Switzerland, Malaysia, and the USA, and strengthen its position in the wood segment globally.
“I’m extremely pleased with the fast, smooth, and successful completion of the acquisition. With net sales of CHF 77 million, which is about EUR 72 million, and more than 380 employees in 6 countries, Feyco Treffert is by far the biggest acquisition that Teknos has accomplished. We look forward to providing our customers with a globally expanded range of services, products, and R&D capabilities,” says Paula Salastie, CEO, Teknos Group Oy.
The acquisition covers the companies of Feyco AG, in St. Margrethen, Switzerland, and Treffert Coatings GmbH, with its head office in Alzenau, Germany, together with their subsidiaries in China, Malaysia, and the USA. The acquisition also covers Schekolin AG, a company with an associated production plant in Bendern, Liechtenstein.
Teknos Group Oy
Tel. +358 46 851 2625
Senior Vice President, Industrial Wood Segment
Tel. +45 40891519
Group Communications Manager
Tel. +358 50 429 4180
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Teknos is one of Europe’s leading suppliers of industrial coatings, with a strong position in retail and architectural coatings. Teknos has production in eight countries: Finland, Sweden, Denmark, Germany, Poland, Russia, China and in the Netherlands. In addition, Teknos has companies in 18 countries and exports to more than 20 countries via a well-established network of dealers. Teknos was established in 1948, and is one of Finland’s largest family-owned businesses. The net sales for 2016 was EUR 307 million and company employs 1300 people. Further information visit www.teknos.com.