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Teknos Acquiring Drywood Norge AS

The closing of the acquisition is expected to take place on April 1, 2019.

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

Teknos made an asset deal to acquire the business of Drywood Norge AS. 

 
All operations will be integrated into Teknos Norway business in Spikkestad. The closing of the acquisition is expected to take place on April 1, 2019.

“Teknos’ strategy aims to ensure fast and profitable growth and improved customer experience. Through the Drywood Norge AS acquisition we are able to enter the architectural coatings market in Norway where we are now able to serve our current and new customers with an extended product assortment and direct deliveries,” said Paula Salastie, CEO, Teknos Group Oy.

“We have had success in introducing the Drywood products to the Norwegian market and been able to establish long term customer relationships. Now that Teknos takes over the business, we are sure that the business will continue to develop positively,” added Frank Mathisen, managing director of Drywood Norge AS. 

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