Stark Group acquires PoG Woody and Karl Ekesioo.

Stark Group, a leading retailer and distributor of the basic building materials in the Nordic region, though its Swedish business unit Beijer Byggmaterial acquires PoG Woody and Karl Ekesioo. Financial terms were not disclosed. PoG Woody Bygghandel is a strong regional player operating six branches including a distribution center in Southern Sweden, which is an important growth center for the building materials supply industry. Karl Ekesioo Bygghandel is operating two branches in attractive locations with substantial building activity in the metro-area of Stockholm. The two acquired businesses are serving professional customers, of which approximately 85 percent being small and medium-sized professional builders fitting directly into the Stark Group strategy. “I am very pleased to announce these two new acquisitions in Sweden and to welcome another 150 Swedish colleagues to the STARK GROUP family. The eight branches fit perfectly into our strategy, focused primarily on serving the small and medium-sized professional customers in the construction and renovation industry,” Soren Olesen, Stark Group CEO.