Teknos acquires Drywood Coatings in growth move10 January 2017
Industrial coatings specialist Teknos has completed the acquisition of Dutch company Drywood Coatings and is now the sole supplier of Drywood products in mainland UK.
By including Drywood products in the established range, Teknos has widened its offering for professionals in the joinery and construction industry.
The new Drywood portfolio features products designed for durability and to give a smooth, high gloss finish. Like Teknos’ own paints, they are water-based solutions, containing minimal or no solvents.
Teknos said Drywood products complemented Teknos’ paints and coatings products for both interiors and exteriors which are in demand from professionals. The company is also known for its expert support to professionals in the joinery and construction industry.
“This is an exciting time for Teknos GBI and the business as a whole,” said managing director of Teknos GBI, Michelle Alcock.
“Drywood is an excellent strategic acquisition for the brand and offers customers even greater choice in protective wood coatings.
“We are looking forward to advising customers of the benefits of Drywood products and assisting them in selecting the perfect coatings for their projects,” she added.
With production in the Netherlands, the acquisition allows Teknos, which operates across Europe and beyond, to consolidate the company’s position in Europe.
It also allows access to Drywood’s production unit in the Netherlands so that production capabilities are broadened.