STARK Group enters new market with significant acquisition in Austria
With the acquisition of the Austrian roofing and facade building material distributor Dach & Wand Handels GmbH, STARK Group enters a new market and gains a strong foothold in the Austrian market for distribution of building materials. The acquisition is a testament to STARK Group's investment in specialist businesses that accounts for one-sixth of the company’s revenue of EUR 5 bn.
STARK Group has signed an agreement to acquire Dach & Wand from the Swiss building materials manufacturer Swisspearl Group – a leader in high-end sustainable roofing and facade materials.
With an annual revenue of more than EUR 135 million, Dach & Wand is among Austria's leading companies within sale and distribution of heavy building materials to professional craftsmen.
Dach & Wand has seven branches in Austria's largest cities and serves more than 3,200 professional craftsmen.
Søren P. Olesen, CEO of STARK Group, says:
“I am pleased to welcome 150 new employees. This is a strong team with specialist knowledge and a strong relationship with professional craftsmen. The team will continue to evolve our business in collaboration with our German roof and facade business, Melle Gallhöfer.”
In March 2021, STARK Deutschland completed the acquisition of German Melle Gallhöfer, a market leader within retail and distribution of roofing and facade materials in Germany.
STARK Group is a market leader in the Nordics and Germany within retail and distribution of heavy building materials to professional craftsmen, with a history dating back to 1896. In 2019, the company also gained a foothold in the German market. STARK Group has subsequently completed several acquisitions in Germany, which account for about half of the company's current revenue.
The Austrian acquisition is the Group’s first outside the Nordics and Germany. The acquisition is subject to regulatory approvals. The parties have chosen not to disclose the terms and price of the transaction.
About STARK Group
STARK Group is a leading business-to-business distributor of heavy building materials for the construction industry in the Nordics and Germany, with a strategic focus on serving professional builders.
STARK Group has a revenue of approx. EUR 5 billion and serves c. 10,000 suppliers and 260,000 customers from its 485 locations. Headquartered in Denmark, STARK Group has approx. 11,700 employees in Germany, Denmark, Sweden, Finland, and Norway. The Group has doubled in size over the last couple of years through acquisitions and organic growth, and today, it holds a leading national or regional position in all markets.
About STARK Deutschland
STARK Deutschland is a German leader in sales and distribution of building materials, service and advice for the building and construction industry. The company serves its customers from its more than 260 location under 12 brands including Raab Karcher, Muffenrohr, Melle Gallhöfer and Keramundo.