Bygghemma buys up competitor, aims for accelerated growth

Bygghemma announced it bought Stonefactory, a Linkoping-based online tile shop with turnover of of SEK 20 million.

Bygghemma, founded in 2006 and led by Mikael Olander, CEO, is a Swedish retail group with 13 online retailers and 16 showrooms in the Nordic countries.

The acquisition comes shortly after the Norwegian PE house FSN bought from Nordstjernan 88% of Swedish retail chain.

press release (in Swedish)