27.11.2020

Flügger group A/S entered into an agreement to invest in Eskaro Group AB

In November 2020, Flügger group A/S entered into an agreement to invest in Eskaro Group AB (Ukraine, Russia, Belarus, Estonia, Latvia, Finland).
Eskaro will continue to develop as an independent business unit of the Flügger group, under the management of Igor Chumakov, CEO of Eskaro Group AB.
The goal of the joint venture is to strengthen expansion in the markets of Belarus, Russia, Ukraine, the Baltic States and Finland. The inclusion of Eskaro in the Flügger group allows for more aggressive and bold development.
The future projects are ambitious: reconstruction and expansion of production sites to increase capacity; construction of a paint factory in the Rostov region, creation of new logistics distribution centers; introduction of new R&D developments.


The Company Flügger.

  • Founded in 1783 by Daniel Flügger in Hamburg.
  • The company's sales volume is 250 million euros per year. Flügger Group is the industry leader in the Scandinavian market in decorative paints and paints for professionals.
  • 6 production sites in Denmark, Sweden, Poland, and China. Production of paints, putties, decorative materials, Wallpaper, wall coverings, painting tools.
  • More than 500 own and franchise stores with a large coverage of the Nordic region.
  • 1480 employees.
  • Listed on the stock exchange since 1983.
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