The Sto Group has acquired the remaining 50.2 % shares in Jonas Farbenwerke

Zurich – Corporate Finance International (’CFI’) is pleased to announce that they acted as financial advisor to the Sto Group in the acquisition of the remaining 50.2 % shares in Jonas Farbenwerke.

The family-owned company Jonas employs 88 people and focuses on wall paints and other water-based coating products in the German professional market. In addition, the company has become a specialist of paints in customer presentations.  JONAS Farbenwerke GmbH & Co. KG manufactures isolating paints, plasters, glues, primers, and silicone-based products. The company was founded in 1936 and is based in Wülfrath, Germany.

Since 2002, the Sto Group has been deliberately building up a second distribution channel for selected products offered through specialist and wholesale outlets, in addition to its traditional direct sales activities. With Südwest Lacke und Farben in Böhl-Iggelheim, the paint specialist within the Sto Group, the Group is already represented here and is currently investing in a new logistics center at the Böhl-Iggelheim location.

Sto SE & Co. KGaA manufactures and sells products and systems for building coatings (paints, plasters, varnishes and coating systems as well as thermal insulation composite systems).

The transaction closed on 28 February 2021.

Related

• https://www.european-coatings.com/articles/sto-acquires-the-remaining-shares-in-jonas-farbenwerke