Litorina-backed Fresks acquires Urban Strålin Byggvaror

The previous Urban Strålin Byggvaror owners, Kay and Leo Strålin, will reinvest a significant part of the proceeds from the transaction in Fresks. Kay Strålin will remain CEO of Urban Strålin Byggvaror.

After the acquisition, Fresks will have a total of 31 stores with combined revenues of approximately SEK 2bn and around 500 employees.

Previous funding
Litorina bought into Fresks in January 2016 through the GP's 2010-vintage Litorina IV, a SEK 2.525bn fund focused on the Swedish small-cap sector and mid-market.

Company
Established in 1978, Urban Strålin Byggvaror operates four building material stores in the Västra Götaland and Jönköping counties. The company employs a staff of 40 and posts a turnover of around SEK 240m.

People
Litorina – Lars Verneholt (partner).
Fresks Group – Leif Lindholm (CEO).
Urban Strålin Byggvaror – Kay Strålin (CEO).

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• Topics
• Portfolio management
• Nordics
• Consumer
• Sweden
• Litorina
• Build-up