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.
“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.
Feyco Treffert group has over 100 years of experience in production of wood coatings and produces 25,000 tons of coatings annually.
