M&A Deal Summary

Kiilto AB Acquires TM Progress AB

On February 27, 2020, Kiilto AB acquired building materials company TM Progress AB from Kiilto Oy

Acquisition Highlights
  • This is Kiilto AB’s 1st transaction in the Building Materials sector.
  • This is Kiilto AB’s 1st transaction in Sweden.

M&A Deal Summary

Date 2020-02-27
Target TM Progress AB
Sector Building Materials
Buyer(s) Kiilto AB
Sellers(s) Kiilto Oy
Deal Type Merger

Target

TM Progress AB

Ornskoldsvik, Sweden
TM Progress AB is a developer and manufacturer of pumpable leveling compounds for professionals and provides them as a service. TM Progress was founded in 1974 and is based in Ornskoldsvik, Sweden.

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Buyer(S) 1

Buyer

Kiilto AB

Taby, Sweden

Category Company
Founded 1987
Sector Chemicals
DESCRIPTION

Kiilto AB is a manufacturer of Floor leveling and joinery accessories, Adhesives, sealants, silicone, Tins, spirits, cleaning and protection products, Putties and mixers, ready-mixed, Waterproofing, and accessories. Kiilto AB was founded in 1987 and is based in Taby, Sweden.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Merger) 1 of 1
Country (Sweden) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Kiilto Oy

Lempäälä, Finland

Category Company
Founded 1919
Sector Chemicals
DESCRIPTION

Kiilto Oy develops, manufacture, and market chemical industry solutions in four business areas: construction, industrial bonding, professional hygiene, and consumer goods. Kiilto was founded in 1919 and is based in Lempäälä, Finland.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Merger) 1 of 1
Country (Sweden) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-20 TM Progress AB

Ornskoldsvik, Sweden

TM Progress AB is a developer and manufacturer of pumpable leveling compounds for professionals and provides them as a service. TM Progress was founded in 1974 and is based in Ornskoldsvik, Sweden.

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