Merger • Building Materials

Kiilto AB Acquires TM Progress AB

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

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

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M&A Deal Summary

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

Target Company

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 Overview 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 Context for Buyer #
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 Profile 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 Context for Seller #
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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