The Finnish-owned Teknos has bought the entire shares of the Polish Oliva paint company. The preagreement was signed in August and the final agreement was signed on 1 December 2010 in Gdynia. According to the agreement the new company will operate under Teknos-Oliva name and brand.

Managing Director Piotr NiedzióÅ‚ka of Teknos Poland will hold the position of the managing director of the new Teknos-Oliva and Mr Krzysztof Bruski the former owner and CEO of Oliva Group will continue to work for Teknos-Oliva as a member of the supervisory board.

Oliva is a well-known brand in Poland among metal industry paints and yacht paints. The company has personnel of 90 employees and has the office and paint factory in Gdynia. The net sales of Oliva business are approx. EUR 8 million. The new company Teknos-Oliva will have a turnover above EUR 20 million and it will be one of the leading players in Polish metal and Industrial wood coatings. Production will continue in Gdynia.

Combining the forces Teknos-Oliva will have more resources and improved efficiency – thus benefiting our customers in Poland. After the merger, Teknos-Oliva is one of the leading players on Polish metal paints market which can give our customers excellent customer and technical service. The combined product range can offer our customers the right high quality solutions to each individual demand.

Teknos has been present in Poland for over 15 years by now. Teknos Polish sales company is located in Warsaw and has a branch office in Lódz. After the merger, Teknos-Oliva has its production company in Gdynia and we can offer more local presence with high-quality paint manufacturing with fast delivery times as well as R&D services. Also, this new site with modern laboratory facilities will enable us to give our customers even better technical service.

If you have any questions or would like to get more information on the merger or on the new Teknos -Oliva, you are most welcome to contact Teknos.

Teknos Group
Takkatie 3, Helsinki, Finland

Pekka Rantamäki
CEO of Teknos Group

Tel. +358-400-482517
e-mail: pekka.rantamaki@teknos.fi

More information about Teknos and Oliva can be found in their web pages:

www.teknos.com, www.oliva.com.pl