Peter Gyllenhamma-backed Svenska Trävarugruppen completed the merger with Fredricsons.

Peter Gyllenhamma-backed Svenska Trävarugruppen, a provider of building materials, completed the merger with Fredricsons, a distributor to the wood processing industry and the building materials trade in Sweden. Financial terms were not disclosed. "I am convinced that Fredricson's Wood will meet an exciting future with the opportunities that the merger with the Swedish Wood Products Group entails. Even though AB Andersson & Sjöberg is now handing over ownership, the former owner family looks forward to being part of the continued journey and guarantees that the company's core values ​​and identity will be dominant in the company also in the future," Magnus Persson, Fredricsons Träs CEO.