Kesko to acquire Roslev Trælasthandel, Tømmergaarden and CF Petersen & Søn.

Kesko, a Finnish listed trading sector company, agreed to acquire building material companies Roslev Trælasthandel, Tømmergaarden and CF Petersen & Søn. Financial terms were not disclosed. “Kesko has a growth strategy: our target is to grow our B2B building and technical trade business in Northern Europe. The Davidsen acquisition was a strategic step for us and provided an entry to the sizable Danish market. These new acquisitions offer Davidsen the possibility to serve their customers nationwide and strengthen our market share in Denmark significantly. We will be in a good position to continue to grow further once the construction cycle turns. The acquisitions are an excellent example of Kesko’s capability to execute its chosen strategy with speed and precision,” Jorma Rauhala, Kesko President and CEO.