Teknos acquires Feyco Treffert, a global wood coatings division of Arbonia AG.

Teknos, a Helsinki, Finland-based paints and coatings manufacturer, announced it had entered into an agreement with Looser Holding AG, an industrial holding company recently acquired by Arbonia AG, to acquire its global wood coatings division, Feyco Treffert, operating in Switzerland, Germany, Malaysia, China, the USA and Liechtenstein.

The acquisition agreement has the financial details undisclosed and was signed on April 10, 2017, with the closing of the acquisition expected to take place by the end of April 2017. 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. Teknos is also acquiring the Schekolin AG company with the associated production plant in Bendern, Liechtenstein.

Teknos was founded as a family business in 1948 and is led by CEO Paula Salastie currently representing the third generation of the Kiikka family. The company is one of Europe’s leading suppliers of industrial coatings with a strong position in retail and architectural coatings and offers a wide range of high-quality paints and coatings for the manufacturing industry, building professionals and consumers.

Feyco Treffert group has over 100 years of experience in production of wood coatings. The net sales for 2016 was MCHF 77, which is about MEUR 72, and the total number of employees is about 280. Feyco Treffert produces 25,000 tons of coatings annually.