Teknos: Candle paint business sold in Germany

03-Aug-2001
Teknos Group concentrates to a higher degree on its core areas which means discontinuing of some product segments. Two years ago Teknos sold its floor coating business, and now the candle paint business in Germany. Candle paint has been a very traditional product segment in the German subsidiary Teknos Deutschland GmbH (formerly Rhodius Farben und Lacke) in Fulda. Ongoing manufacturing of candle paints will from now on be taken over the company Kaiser Lacke GmbH in Nuremburg, with which an agreement was entered into. Teknos Deutschland GmbH is one of the eight production sites in the Teknos Group where all types of wet paints, solvent- and water-borne as well as UV-hardened types, are made. In Germany the number of employees is about 60. The Finnish, family-owned Teknos has developed into a significant paint manufacturing group with eight factories and own sales offices all over Europe. The Group sales is about EUR 200 million and the number of personnel 1.000. Teknos operates in Scandinavia and the Baltic Sea region with a more extensive product concept compared with other operating countries where Teknos aims to serve best its customers with strong niche areas.

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