Urban Strålin founded the company about 40 years ago and for the past years the company has been run by his two sons, Kay and Leo, who has also been the main owners. The business includes four building material stores in Jönköping, Ulricehamn, Töreboda and Liared, the latter also functions as a logistics hub for all entities. Today, the company has about 40 employees and a turnover of approximately SEK 240 million.
After the acquisition Fresks Group will have a total of 31 stores with pro forma revenues of approximately SEK 2 billion and more than 500 employees.
The transaction requires approval from the competition authority.