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Home  > Markets & companies  > Coatings market  > Teknos buys Wedevåg Färg AB in Sweden

Tuesday, 24 September 2019
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Markets & companies, Coatings market

Teknos buys Wedevåg Färg AB in Sweden

Tuesday, 15 January 2013

Through the acquisition, Teknos will strengthen its industrial metal paints business especially in Swedish market.

Joining forces with Teknos offers Wedevåg Interior Wood products a new much larger sales platform through the Finnish coatings producer’s wide subsidiary network in 16 countries. Source: Teknos Group Oy
Joining forces with Teknos offers Wedevåg Interior Wood products a new much larger sales platform through the Finnish coatings producer’s wide subs...

Finland-based Teknos has acquired all shares of Wedevåg Färg AB in Sweden. The company is specialised in paints for Industrial Wood and Industrial Metal surfaces. The net sales of the acquired business are approx. EUR 13 million and the number of employees is about 50. It has activities in several Nordic and Baltic countries and production and R&D facilities in Vedevåg Sweden. The acquisition includes total all businesses of Wedevåg Färg AB, including Industrial Wood and Metal coatings production and R&D facilities in Vedevåg Sweden. Teknos strategic plan is to continue with production and R&D in Vedevåg and the site will become the future centre of excellence for Interior Wood.

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