Valspar Acquires Teknos Nova Coil TNC Oy
MINNEAPOLIS - The Valspar Corp. announced that it has acquired Teknos Nova Coil TNC Oy (TNC), Helsinki, Finland, from Teknos Group Oy. TNC is a manufacturer of high-performance coil coatings used in the construction industry. TNC had 2006 sales of €31 million. Valspar expects the acquisition to be slightly accretive to earnings in 2008.