Announced
Completed
Financials
Tags
Austria
Specialty Retailers
building materials retail
Acquisition
Majority
Cross Border
Private
Completed
Friendly
Single Bidder
Synopsis
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.
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