Tikkurila to purchase ISO Paint Nordic, a Danish company specializing in energy-efficient coating solutions
October 16, 2014 at 1:00 p.m.
Tikkurila has today on October 16, 2014, agreed on the acquisition of the business of ISO Paint Nordic A/S, which focuses on developing, manufacturing and selling energy-efficient and environmentally sustainable coatings.
The acquisition will complement Tikkurila's professional product range, technologies and expertise in energy-efficient coating solutions and solutions which extend the life cycle of structures. For example, the products reduce the amount of heating or cooling energy needed in buildings. "This acquisition supports our profitable growth strategy well. Demand for energy-efficient and eco-efficient solutions has clearly grown in the recent years, and we expect this positive trend to continue," says Erkki Järvinen, President and CEO of Tikkurila. "Customers are expecting to receive increasingly comprehensive coatings solutions from one supplier. This acquisition also caters to their wishes, and it is a logical extension to Tikkurila's June purchase of the Swedish KEFA Drytech AB, which specializes in functional products, such as mold protection."
ISO Paint Nordic is the market leader in its sector in Scandinavia. The revenue of the acquired business amounted to approximately EUR 7.5 million in 2013 and it had approximately 20 employees. The company has a modern and efficient production facility in Lunderskov, Denmark. The company's products are sold in about 20 countries. In addition to the Nordic countries, its main markets include Germany, France, Great Britain, the Netherlands, and Australia. ISO Paint Nordic is a family business established in 1999.
For further information, please contact:
Erkki Järvinen, President and CEO, tel. +358 400 455 913, email@example.com
For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life.
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