Coatings World - July 2011

Flugger Group
Roedovre, Denmark
www.flugger.com
Dyrup A/S
Soborg, Denmark
www.dyrup.com

PUBLIC COMPANY YEAR ES TABLISHED: 1785

REVENUE: $275 million
MARKETS SERVED
• Architectural coatings
KEY EXECUTIVES
Soeren Peschardt Olesen, CEO; Paul
Wulff, CFO; Claus Bjoern, group sales
director; Steen Hoff, group supply
chain director.

PUBLIC COMPANY
YEAR ESTABLISHED: 1928
REVENUE: $273 million
MARKETS SERVED
• Architectural coatings
• Wood coatings
KEY EXECUTIVES
Jørgen Nicolajsen, CEO

Flügger Group is one of Scandinavia’s largest suppliers of dec- orative paint, wood stain, wallcoverings, paint tools and cleaning articles. Flügger Group is represented by Flügger shops in Denmark, Norway, Sweden, Iceland, Poland and China. There are more than 500 Flügger shops, of which more than 200 are owned by the company. Apart from this, its subsidiary DAY-system contributes with sales from 214 shops in Denmark, Norway and Sweden. The other daughter company, PP Mester Maling, has 41 shops in Denmark. The company has five factories, and the two main ones are in Kolding, Denmark and in Bollebygd, Sweden. Here Flugger produces paint, wood stain, fillers and chemical products. In Kolding it produces water-based paint, and it comes to an amount of 20 million liters per year. In Bollebygd Flugger produces around 24 million liters of both water-based and turpentine-based paint per year. With origins that date back to 1785, Flugger Group generated sales of $275 million in 2010.

Dyrup is wholly owned by the Monberg & Thorsen Group. Recently it was announced that PPG Industries agreed to purchase Dyrup from the public holding company for approximately $200 million. Dyrup produces architectural coatings, in particular wood stains, and specialty products with 2010 sales of $273. It employs roughly 950 people and operates six manufacturing facilities in Europe. Its portfolio of brands includes Bondex, Gori and Xylophene, which are sold primarily in Denmark, France, Germany, Portugal, Poland and Spain through professional and DIY channels. After the departure of CEO Erik Holm, the board of directors has temporarily appointed Jørgen Nicolajsen as CEO of Dyrup A/S until a new CEO is appointed.

47
TOA Group
Bangkok, Thailand
www.toagroup.com

PRIVATE COMPANY YEAR ES TABLISHED: 1957

REVENUE: $270 million
MARKETS SERVED
• Architectural coatings
• Marine and protective
coatings
KEY EXECUTIVES
Arsa Sarasin, honorary chairman;
Prachak Tangkaravakoon, president;
Motoo Horiguchi, senior executive
VP; Rams Das Ahuja, executive VP.

48
Dunn-Edwards Corp.
Los Angeles,
California/USA
www.dunnedwards.com

PRIVATE COMPANY
YEAR ESTABLISHED: 1925
REVENUE: $265 million
MARKETS SERVED
• Architectural coatings
• Industrial coatings
KEY EXECUTIVES
Kenneth Edwards, CEO; Karl Alter-
gott, president and COO; Robert Hill,
executive VP and CFO; Darlene
Mitchell, VP and CIO; Monte Lewis,
VP sales; Tim Bosveld, VP marketing.

TOA is the leading supplier of decorative coatings in Thailand with an estimated market share of 50 percent. The company manufactures products that cater to the mid-tier and pre-mium-tier markets. The TOA Group of companies includes TOA Paint Thailand, which is TOA’s 100 percent Thai-owned main base of operation; TOA-Chugoku Paint, a joint venture between TOA Paint Thailand and Chugoku Marine Paint; TOA Union Paint Thailand, a joint venture company with Japanese-based wood coatings producer Union Paint; TOA Vietnam; Shanghai-TOA Paint; and TOA Paint Malaysia. TOA’s product portfolio includes the recently launched Ultra Premium Generation of coatings including Supershield, TOA 7 in 1 and Supershield Duraclean.

Dunn-Edwards, founded in 1925, operates more than 100 stores in five western states: California, Arizona, New Mexico, Ne- vada and Texas. Dunn- Edwards is a supplier of architectural and industrial coatings, providing a complete line of paints and professional painting supplies to architects, designers, painting contractors, homebuilders and property managers in the Southwest; it also serves do-it-yourselfers, although professionals account for a majority of sales. The company has launched two unique new online tools: A Spec Guide based on project type (i.e. schools, health care facilities), and a Color Reference Center where HOAs and property management companies can archive approved color schemes for convenient access. During the year Dunn-Edwards introduced several new products including Contractor’s Edge interior maintenance flat and semi-gloss paint; Block-It Premium high-performance stain-blocking primer; Bloc-Rust Premium metal primer; and Enso, a premium, low odor, zero-VOC paint.