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Teknos to enter architectural coatings business in the Norwegian market by the acquisition of the Drywood Norge AS

Teknos has completed the acquisition of the business of Drywood Norge AS, a company operating in architectural coatings business in Norwegian market.

The acquisition of Drywood Norge AS is supporting Teknos’ growth strategy, allowing Teknos to enter a new business area and further strengthening Teknos’ position in the architectural coatings market.

Dutch Drywood paint products have been in the Norwegian market for over 40 years. The products, especially Drywood house and roof paints, have qualities suitable for the Norwegian climate. The company has developed positively to this day, today’s turnover being just below NOK 30 million.

“I’m extremely pleased for the successful completion of the acquisition. We look forward to provide extended product assortment and direct deliveries to our customers in Norway”, says Paula Salastie, CEO, Teknos Group.

Source: Teknos

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