Fresks buys Färingsö Trä, ramps up its business expansion.

Fresks, an Östersund, Sweden-based building material retail chain focus on the B2B market, announcd the acquisition of Byggvaruhuset Färingsö Trä AB (Färingsö Trä), which operates a building material store in Ekerö outside Stockholm.

Previous owners will reinvest part of the proceeds from the transaction in Fresks Group and Peter Skoog will remain CEO of Färingsö Trä post the transaction.

Färingsö Trä was founded shortly after World War II as a branch to Bromma Trä. Peter Skoog and Stefan Poulsen, who have worked in Färingsö Trä since the 1980s, have run the company and have been its main owners since 2004. Färingsö Trä has about 40 employees and a turnover of approximately SEK 130 million.

Fresks, founded in 1862 and led by CEO Leif Lindholmz, is a leading Swedish building material retail chain in Sweden focused on the professional segment. The company has 26 stores under the brands XL-BYGG Fresks, XL-BYGG Östergyllen and Gärdin & Persson.

After the acquisition Fresks Group will have a total of 26 stores with pro forma revenues of approximately SEK 1.7bn ($210M) and 470 employees.