Fresks continues to expand through the acquisition of XL-Bygg Vetlanda, a builder’s merchant located in Vetlanda in Jönköping county. The current owners, Johan and Catrine Aronsson, will reinvest part of the proceeds from the transaction and become shareholders in Fresks Group.
XL-BYGG Vetlanda (Vetlanda Trävaru AB) was foundedin 1972, at the time operating a plaining mill, and today the business is a focused full-service builder’s merchant with a turnover of approximately SEK 70million.
After the acquisition Fresks Group will have a total of 33 stores with pro forma revenues of approximately SEK 2.2 billion and 530 employees.
The transaction will complete on 15 January 2019.
For further information, please contact:
Leif Lindholm, +46 70 698 27 00, CEO Fresks Group
Fresks, founded in 1862 is a leading Swedish builder’s merchant group. The company has 33 stores under various local brands whereof the majority is branded XL-BYGG. Fresks sells high quality building material with high degree of service primarily to small and mid-sized professional customers. For more information, please visit www.fresks.se