Kesko acquired Fresks Group from Litorina.

Kesko, one of the leading players within building and technical trade in northern Europe acquired Fresks Group, Sweden’s fastest-growing builders’ merchant from Litorina. Financial terms were not disclosed. Fresks Group was founded in 1862 in Östersund and is today a leading Swedish builders’ merchant, where customers are small and medium-size companies. The company has 33 centres around Sweden and offers customers a broad and deep range of quality products in building material, hardware and paint with a high degree of service. “We have confidence in now allowing a well-reputed player like Kesko to take over the baton as Fresks Groups’ new owner and create a strategic combination that significantly strengthens Kesko’s position in the Swedish market and not least in the professional customer segment. It will be exciting to follow the company as it continues to advance under Kesko’s management,” Lars Verneholt, Litorina Capital Advisors Partner.