Fresks continues to expand through the acquisition of Forsells Bygg & Marin i Bollnäs AB, which operates two stores in Bollnäs and Söderhamn under the brand XL-BYGG Forsells.
XL-BYGG Forsells has a well-established market position in Bollnäs and Söderhamn and a clear focus on the professional segment. The acquisition of Forsells is the first acquisition after Litorina acquired the majority of Fresks in February and is one clear step in the continued growth plan for the company.
”XL-BYGG Forsells has had good revenue growth combined with solid profitability, and is in addition geographically located close to Fresks’ existing stores.” says Leif Lindholm, CEO Fresks Group. ”XL-BYGG Forsells with approximately 20 co-workers and revenues of more than SEK 90 million will be an excellent addition to the family of our 13 existing stores”.
”To sell its life’s work to a trustworthy partner, with a solid reputation in the industry, ensures continued success for the business and reassurance for my co-workers going forward” says Anders Forsell, owner to XL-BYGG Forsells.
Fresks Group will with the acquisition of Forsells have revenues of more than SEK 1 bn, approx. 280 co-workers and 15 stores.
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 15 stores under the brands XL-BYGG Fresks, XL-BYGG Forsells 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