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Home  > Markets & companies  > Coatings market  > Teknos has completed the acquisition of Dr...

Sunday, 21 April 2019
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Markets & companies, Coatings market

Teknos has completed the acquisition of Drywood Norge AS

Thursday, 11 April 2019

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

Dutch Drywood paint products have been in the Norwegian market for over 40 years. Image Source: Jean Michel Lagarde / Pixabay.

Dutch Drywood paint products have been in the Norwegian market for over 40 years. Image Source: Jean Michel Lagarde / Pixabay.

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

Products suitable for the Norwegian climate

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.

"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 Oy.

More:Teknos to acquire Dutch Drywood Coatings (2016).

Image source: Pixabay.

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