Teknos purchasing the Feyco Treffert Group and Schekolin AG
April 12, 2017
On 10 April 2017, Looser Holding AG, our parent company, signed contracts with the Finnish Teknos for the sale of the FEYCO TREFFERT Group and Schekolin AG. The sale covers the acquisition of the companies Feyco AG (St. Margrethen, Switzerland), and Treffert Coatings GmbH with its head office in Alzenau, Germany, together with its subsidiaries in China, Malaysia and the USA. In a further acquisition, similarly signed on 10 April 2017, Teknos additionally purchased our sister company, Schekolin AG, which produces a range of wood coating products for the FEYCO TREFFERT Group in its state-of-the art production facility in Bendern, Liechtenstein. Closing is expected to take place by end of April 2017.
Teknos is an internationally operating coating company specialised in industrial coatings, architectural coatings and decorative paints. Teknos was founded in 1948 and is one of Finland’s biggest family-owned companies. The group has 1300 employees and a presence in 18 countries with production facilities, subsidiaries and sales companies.
The new owner intends to further expand the FEYCO TREFFERT Group’s business and to maintain the production capacities of Schekolin AG. In that way, Teknos is creating the conditions for providing even better service for its global customers in the USA, Asia and Europe.
“We are convinced that these acquisitions will generate added value for our customers: our two companies complement each other in geographical terms and in respect of their product ranges. The FEYCO TREFFERT Group is benefiting from the know-how and will be able to further strengthen its market position – including in the field of window and facade products. Teknos, for its part, is supplementing its product range for interiors and further expanding its market presence. Teknos will benefit especially from the FEYCO TREFFERT Group’s leading market position in Switzerland, where the new owner has not been active to date”, says Marcel Dissel, CEO of FEYCO TREFFERT Group.