Teknos acquires parquet product business from Kiilto. The product assortment consists of primer lacquers, 1-component and 2-component lacquers and parquet fillers. Through the acquisition, Teknos gets the ownership of the recipes, trade names, customer contacts and know-how. The transfer of sales and logistics will take place on 1 November 2018 and the transfer of production is planned to take place early 2019, as the company says in the press release received by Lesprom Network.
Kiilto parquet business covers markets in Finland, Sweden, Latvia, Lithuania, Estonia, Poland, Russia, Belarus and Ukraine with an extensive network of customers. Teknos has a firm position in all the countries through its own sales offices.
Founded in 1919, Kiilto Oy is a Finnish, family-owned producer of chemical industry products for construction and industry. Business involves the development, manufacturing and marketing of adhesives and closely related products.
