Danish Stark Group has signed an agreement with Compagnie de Saint Gobain SA, to acquire leading German builders’ merchant Saint Gobain Building Distribution Deutschland GmbH (SGBDD), as the company said in the press release received by Lesprom Network.
The acquisition has an enterprise value of Euro 335 million and is subject to approval by relevant authorities, expected to be completed in the second half of 2019.
Following the acquisition, Stark Group will significantly expand its footprint in the builders’ merchant industry in Northern Europe. SGBDD is well positioned to capture further market share in the large German construction market with consistent demand, which has shown resiliency through economic downturns.
Stark Group already operates 186 branches across the Nordics through its subsidiaries Stark Danmark A/S in Denmark and Greenland, Beijer Byggmaterial AB in Sweden, Stark Suomi OY in Finland and Neumann Bygg AS in Norway.