XL-BYGG Östergyllen was founded in 1949 and today has revenues of around 330 million across six stores in Linköping, Motala, Mjölby, Vadstena, Rimforsa and Åtvidaberg. Östergyllen has a clear focus on the professional segment and is a leading company in an attractive region with solid future growth prospects. Fresks and Östergyllen together creates the clear leader within XL-BYGG with pro forma revenues of SEK 1.3 billion, a solid base for improved profitability through further growth and synergies. The acquisition of Östergyllen is the second add-on after Litorina acquired the majority of Fresks in February, and is a clear step in the continued growth plan for the company.
”We have on our own grown from one to six establishments and almost trippled revenues with improved profitability. We have a solid concept with clear customer focus and it feels incredibly exciting to continue to grow and constantly improve together with Fresks” says Mattias Fahlén CEO of XL-BYGG Östergyllen.
”XL-BYGG Östergyllen has had a fantastic growth journey through new establishments and acquisitions under solid profitability, and is geographically located in an attractive region” says Leif Lindholm, CEO at Fresks Group. ”Östergyllen will become an additional geographic platform for future growth through new acquisitions and selective greenfields the years to come”.
Fresks Group will with the acquisition of Östergyllen have revenues of SEK c 1.3 bn, approx. 355 co-workers and 21 stores.
The acquisition of Östergyllen is conditional upon competition approval.
