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Practice area

Mergers & Acquisitions

17 April 2018 · News

Storskogen has acquired three flooring wholesalers

Moll Wendén and Lars Weibull were the sellers’ advisers when three flooring wholesalers were acquired by Storskogen.

During April, Storskogen acquired three wholesale companies in flooring and tiles. The three companies are SVEGAB i Växjö AB (“SVEGAB”) with the subsidiary SVEGAB i Malmö AB, Fredriksson & Berglund – Golvgrossisten i Skövde AB (“Fredbergs”) and Golv- & Byggterminalen i Norrköping AB (“Golv & Bygg”). All three companies have a strong position within their respective geography and a customer base that stretches from southern Skåne up to Mälardalen.

The operations will be reorganised after the acquisition to form one entity. The companies today have approximately 40 employees and a turnover of approximately SEK 270 million (R12) and an EBITDA result of approximately SEK 25 million.

“We are very happy to have acquired SVEGAB, Fredbergs and Golv & Bygg at the same time. The companies are active in three different geographies and complement each other well. We look forward to developing these well-run and profitable companies together with management,” says Daniel Kaplan at Storskogen.

Moll Wendén has been the legal counsel of the salesmen in the transaction. The deal was communicated by Lars Weibull AB.