Through the acquisition, Fescon expands its product family into floor coatings. Nanten will continue as an independent subsidiary of Fescon. The acquisition has no impact on Nanten’s operations.
“Nanten is a successful Finnish family business and known for its quality products and expertise. Nanten fits very well into Fescon’s business. Our goal is to combine our expertise and grow by offering our customers more comprehensive flooring solutions. ”, Says Kimmo Peltola, CEO of Fescon Oy.
“Nanten has been very successful in recent years and we have succeeded in making our floor coatings a viable alternative to other floor coverings. We are happy to have a partner on our side who has the courage and ability to support us on our growth path. Our know-how complements each other and together we can provide our customers with even better service and support to develop successful and long-lasting floor solutions. ” says Mona Grannenfelt, Chairman of the Board of Nanten.
Fescon is a leading Finnish company producing and selling dry products for the construction industry. The company turnover in 2020 was EUR 29,6M and employed 78 people. Fescon is part of Luja Group. The acquisition strengthens Fescon’s already extensive product range with floor coatings and increases its market share.
Nanten is a Finnish family company specializing in floor coatings and offering solutions for public construction and industrial sector. Nanten serves its customers with variety of floor coating solutions to meet their needs. Nanten’s turnover in the last financial year was EUR 8 million and employed 28 people.