Teknos has completed the acquisition of industrial coatings business from Feidal Coatings
Teknos Group Oy Press release 1 September 2016.
Teknos has completed the acquisition of industrial coatings business from Feidal Coatings announced on 12 May 2016.
Feidal Coatings is a German, privately held company that develops, produces and sells paints and coatings. Feidal Coatings' business divisions include industrial coatings and decorative paints. Feidal’s industrial coatings business estimated net sales is €18m and has approximately 80 employees. The transaction includes acquisition of Feidal GmbH & Co. KG, Brüggen factory and industrial coatings business from Feidal Polska Sp. z.o.o. The Brüggen factory will continue manufacturing industrial metal paints.
“The acquisition of industrial coatings business from Feidal Coatings strengthens our position in general industry coatings. We will now focus on building the business forward in close cooperation to ensure high quality and improved service level to our customers”, says Paula Salastie, CEO, Teknos Group Oy.
The parties have agreed that the value of the transaction will remain undisclosed.
CEO Teknos Group Oy
tel. +358 46 851 2625
Teknos Deutschland GmbH (Germany)
tel. +49 661 108 261
Teknos is one of Europe’s leading suppliers of industrial coatings, with a strong position in retail and architectural coatings. Teknos has production in seven countries: Finland, Sweden, Denmark, Germany, Poland, Russia and China. In addition, Teknos has companies in 17 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 2015 was EUR 291 million and company employs 1200 people. Further information visit www.teknos.com.