NORDIC PAINTS AND COATINGS MARKET COMPETITIVE AND GROWING
April 14th, 2014
The Nordic paints and coating market is competitive and growing, being dominated by a handful of strong players headed by Tikkurila and Teknos in Finland and Jotun in Norway. In Dyrup, the region could boast a fourth major local player, although American corporation PPG Industries paid the Danish firm’s parent, Monberg & Thorsen, EUR115 million for the company in 2011.Strategic cross-border acquisitions have played a significant role in shaping the Nordic paints and coating sector since 1990. Serial acquisitions by Tikkurila, Teknos and Jotun enabled all ...
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