Teknos has acquired GORI Industry business from Dyrup
The acquisition includes the GORI Industry wood business with sales companies, but not real estate in Kolding. Production will be transferred from Kolding to Teknos Danish factory in Vamdrup and to Teknos Rajamäki factory in Finland within two years' transfer period. This will strengthen Teknos' factories' capacity utilisation and productivity.
The forces of 2 sales organisations of Teknos and GORI Industry will be combined giving a stronger sales force and strengthening Teknos industrial wood market position.
Teknos main businesses are Industrial Wood paints and Metal paints (wet paints and powder coatings). After the acquisition these segments are almost equal and form about 80% of the total sales of Teknos. The European-wide GORI Industry's products suit excellent to Teknos product palette and open new opportunities at the industrial wood markets e.g. in Scandinavia, in Poland, Germany, Hungary, Czech Republic, Austria and Italy.
Most read news
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.