Fresks announces the acquisition of XL-Bygg Mellerud
Fresks, an Östersund, Sweden-based building material retail chain focus on the B2B market, announced that it acquired XL-Bygg Mellerud, a building material store located in Mellerud, Västra Götaland.
The financial details of the deal remain undisclosed and the previous owner, Benny Mattsson, will reinvest a significant part of the proceeds from the transaction in Fresks Group.
XL-BYGG Mellerud, founded in 2008 and led by Benny Mattsson and his son Thomas Mattsson, consists of the building store in Mellerud, which is located in Dalsland county in Västra Götaland. The store is a part of the XL-BYGG chain. Today, the company has 8 employees and a turnover of approximately SEK 30M ($3.3M).
After the acquisition Fresks Group will have a total of 32 stores with revenues of approximately SEK 2bn and more than 500 employees.