08.02.21
Rødovre, Denmark
www.flugger.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1783
REVENUE: $308 million
MARKETS SERVED
Architectural coatings
KEY EXECUTIVES:
Sune Schnack, CEO; Ulf Schnack, chief DNA officer; Thomas Bendixen, chief commercial officer.
Flügger Group, one of Scandinavia’s largest suppliers of decorative paint, wood stain, wallcoverings, paint tools and cleaning articles, had a good year despite COVID-19, posting 4% revenue growth to $308 million and more than doubling its EBIT to $13.5 million.
Flügger Group has six factories; the two main ones are in Kolding, Denmark and Bollebygd, Sweden. There, Flugger produces paint, wood stain, fillers and chemical products. In Kolding, it produces 20 million liters of water-based paints per year. In Bollebygd, Flugger produces 24 million liters of both water-based and turpentine-based paint per year.
In major news, competition authorities okayed Flügger’s acquisition of 70% of the shares in Eskaro Group AB, which was announced in November 2020. An international paint group. Eskaro Group has six factories and sales offices in Ukraine, Russia, Belarus, Estonia, Latvia and Finland. The company has approximately 1,100 employees and has a turnover of approximately DKK 420 million ($40 million) annually.
www.flugger.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1783
REVENUE: $308 million
MARKETS SERVED
Architectural coatings
KEY EXECUTIVES:
Sune Schnack, CEO; Ulf Schnack, chief DNA officer; Thomas Bendixen, chief commercial officer.
Flügger Group, one of Scandinavia’s largest suppliers of decorative paint, wood stain, wallcoverings, paint tools and cleaning articles, had a good year despite COVID-19, posting 4% revenue growth to $308 million and more than doubling its EBIT to $13.5 million.
Flügger Group has six factories; the two main ones are in Kolding, Denmark and Bollebygd, Sweden. There, Flugger produces paint, wood stain, fillers and chemical products. In Kolding, it produces 20 million liters of water-based paints per year. In Bollebygd, Flugger produces 24 million liters of both water-based and turpentine-based paint per year.
In major news, competition authorities okayed Flügger’s acquisition of 70% of the shares in Eskaro Group AB, which was announced in November 2020. An international paint group. Eskaro Group has six factories and sales offices in Ukraine, Russia, Belarus, Estonia, Latvia and Finland. The company has approximately 1,100 employees and has a turnover of approximately DKK 420 million ($40 million) annually.
