STARK Group completed the acquisition of Schilowsky.

STARK Group, one of the largest retailers and distributors of building materials for the professional segment in Europe, completed the acquisition of Schilowsky, a building materials store in Vienna, Austria. Financial terms were not disclosed. "It is a pleasure to welcome 170 new colleagues. The Schilowsky name has stood for competence and reliability for almost 100 years. We share a strong foundation of values and a common desire to develop the company for continued success. I am grateful that the Schilowsky family sees us as a good owner who can accelerate the company's success and make it an even better partner for professional craftsmen," Søren P. Olesen, STARK Group CEO.