Teknos has 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.
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.
Strengthening Teknos’ Position
| Teknos to Expand Wood Coatings Business with
Acquisition of Feyco Treffert
“The acquisition is an important part of Teknos’ growth strategy. The acquisition strengthens Teknos’ position in the wood segment globally, provides access to new markets in Switzerland, China, Malaysia and the USA, and opens up new business opportunities in the wood and construction industry,” says Kim Smith, SVP, Industrial Wood, Teknos Group.
The Feyco Treffert Group
- Feyco Treffert group has over 100 years of experience in production of wood coatings
- The Swiss Feyco and the German Treffert are known of their professional products and customized solutions
- Feyco Treffert has its production sites in Germany (Alzenau), Malaysia (Johor Bahru), China (Shanghai), the USA (Charlotte) and Liechtenstein (Bendern). Furthermore, it has its competence and training center in Switzerland
Technically Advanced Coating Solutions
“Teknos’ vision is to be the leading supplier of technically advanced coating solutions - close to customers. Through the acquisition of Feyco Treffert we are able to further extend our service concept and production capabilities. The acquisition strengthens our ability to serve our global customers in the USA, Asia and Europe even better,” says Paula Salastie, CEO of Teknos Group.
About Feyco Treffert Group
Feyco Treffert group has over 100 years of experience in production of wood coatings. The Swiss Feyco and the German Treffert are known of their professional products and customized solutions
Teknos offers a wide range of high-quality paints and coatings for the manufacturing industry, building professionals and consumers. It focuses sharply on the quality and performance of its products, invest heavily in research and development, and have a strong focus on environmental issues to ensure people meet, and even exceed, today’s versatile needs.