Fresks continues to expand through the acquisition of Edvardsson Bygg & Material i Skärstad AB (XL-BYGG Edvardssons) who operates in Skärstad north of Huskvarna. Previous owner Mikael Edvardsson will reinvest a significant share of the proceeds from the transaction in Fresks Group.
Rolf Edvardsson founded today’s XL-BYGG Edvardssons in 1966 and has focused on serving the market north of Jönköping with quality building material and associated services ever since. Today, XL-BYGG Edvardssons has a turnover of c. SEK 90 million and employs 20 people.
After the acquisition Fresks Group will have a total of 25 stores with pro forma revenues of more than SEK 1.5 billion and c. 400 employees.
For further information, please contact:
Leif Lindholm, +46 70 698 27 00, CEO Fresks Group
Fresks, founded in 1862 is a leading Swedish building material retail chain in Northern Sweden focused on the professional segment. The company has 25 stores under the brands XL-BYGG Fresks, XL-BYGG Östergyllen and Gärdin & Pärsson. 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 and www.gardinpersson.se