Citation
(2007), "Teknos has sold its architectural coating business in Denmark", Pigment & Resin Technology, Vol. 36 No. 6. https://doi.org/10.1108/prt.2007.12936fab.023
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited
Teknos has sold its architectural coating business in Denmark
Teknos has sold its architectural coating business in Denmark Teknos has sold its architectural coating business in Denmark to Nordisk Aktiv Virke A/S. The agreement will be effective from July 1, 2007. The divestment covers Teknos' Danish AC business segment including Teknos Proline shops in Denmark. Employees related to AC business in Denmark continue as old employees at the new owner company. The production of Danish AC products will also be transferred gradually to the new owner. The history of Teknos Group's AC business in Denmark dates back to 2001 when Teknos bought Hygaea A/S Paint Company. In the future Teknos will put the efforts on the markets where it already is strong and where it has potential for growth. The divestments do not effect Teknos Group's AC business in other countries. In Finland, Sweden and other countries Teknos continues the business without changes. In these countries Teknos has a strong market position and is also seeking new markets and growth potential in Eastern Europe.