DYO Paints A.S. (Turkiye)

DYO Boya Fabrikaları Inc. is an İzmir, Turkey-based company founded in 1954, originally named Durmuş Yaşar ve Oğulları Boya, Vernik ve Reçine Fabrikaları A.Ş., and based on licensing from Sadolin & Holmblad of Denmark. DYO stands for Durmuş Yaşar ve Oğulları (Durmuş Yaşar & Sons). In 1957, Sadolin ve Yaşarin A.Ş. (Sadolin & Yaşarin) was founded to produce resins for paint production - based on licensing from Sadolin & Holmblad. This company became in 1962 DYO ve Sadolin Sentetik Selülozik Boya ve Vernik Fabrikaları A.Ş. (DYO & Sadolin) - in short Dyosad, and at that time Dyosad began producing industrial paints for metal, plastic and wood as well as automotive refinshes based on licensing from Sadolin & Holmblad. In 1967, Dyosad made a Harris Brush factory, and in 1968, Dyosad began producing and marketing inks - on licensing from Sadolin & Holmblad. The cooperation between the Yaşar family and Sadolin & Holmblad dates back to before second world war, when Durmuş Yaşar in 1938 began to import paint from Sadolin & Holmblad, who had itself had exported paint to Turkey since 1919. From the beginning DYO and later Sadolin ved Yasarin and Dyosad the joint ventures were run by Selçuk Yaşar (oldest son of Durmuş Yaşar, founder of the original Turkish paint shop busines) - in close cooperation with Dan Alexander MacGregor Sadolin (only son of Gunnar Asgeir Sadolin, founder of Sadolin & Holmblad), Joint President and International CEO of Sadolin & Holmblad. In 1979 – 25 years after the first factory establishment, DYO and Dyosad in Turkey had become bigger than Sadolin & Holmblad's domestic paint and ink activities in Denmark - in terms of both net revenue, net profit and number of employees.