Teknos has entered into an agreement to acquire powder coatings business from Śnieżka in Poland.
Through the acquisition Teknos gets ownership to the powder coatings production lines and strengthens its’ sales and R&D organization.
Teknos’ vision is to be the leading supplier of technically advanced coating solutions - close to customers. Through the acquisition of powder coatings business from Śnieżka, Teknos will strengthen its’ R&D and production capabilities closer to the growing Polish market and shorten the supply chain for special products.
"The acquisition of powder coatings from Śnieżka supports Teknos’ growth strategy. We have been developing our powder coatings business for many years with good success. The acquisition is a natural step for Teknos. This improves our service level in the powder coatings and opens-up new business opportunities in the Polish market, said Lassi Tirkkonen, Group SVP, Metal Paints & Coatings, Teknos Group.