Stark Group has through its Swedish business unit Beijer Byggmaterial AB (Beijer) signed separate agreements to acquire the two builders merchant chains PoG Woody Bygghandel and Karl Ekesiöö Bygghandel AB, who in total are operating eight branches in Sweden with a combined annual revenue of approx. Euro 60 million.
PoG Woody Bygghandel AB is a strong regional player operating six branches including a distribution centre in Southern Sweden, which is an important growth centre for the building materials supply industry.
Karl Ekesiöö Bygghandel AB is operating two branches in attractive locations with substantial building activity in the metro-area of Stockholm, (where Beijer earlier this year acquired the business of Bygg-Ole).
The two acquired businesses are serving professional customers, of which approximately 85% being small and medium-sized professional builders fitting directly into the Stark Group strategy.
The two bolt-on acquisitions will further strengthen Beijers’ presence and position in Sweden to serve the professional builders through a future network of 82 branches in total.
The completions of the acquisitions are subject to necessary clearances from relevant authorities.
Stark Group is a leading builders’ merchant in the Nordics, targeting the professional craftsmen and enterprises within the construction and renovation industry. Stark Group directly operates a total of 186 branches across Denmark, Sweden, Norway, Finland and Greenland.
