STARK Group expands in Sweden through the acquisition of Mälarträ AB
With the acquisition of Mälaträ AB, STARK Group continues its strategy to grow the company organically as well as through acquisitions. The acquisition will strengthen Beijer Byggmaterial’s position in the region, in line with the overall strategy of having a focused local presence. Beijer Byggmaterial now has 11 branches in the region. The location in Enköping is an important strategic piece as it connects the Stockholm region, region Mitt and Mälardalen.
“I am very pleased to announce this new acquisition in Sweden and to welcome our new colleagues to STARK Group. After bringing Mälatra into the STARK Group family, we will have a good foothold in an important region in Sweden, allowing us to offer even better service to our customers,” says Søren P. Olesen, CEO of STARK Group.
Mälarträ is a family-owned company with a facility of 14,400 sqm under one roof in a strong growth location. The branch has an assortment and design that is adapted to the professional craftsmen fitting directly into STARK Group’s strategy to serve the professional craftsmen. The acquisition also improves accessibility for the builders in the region.
“We are very happy for this opportunity to establish ourselves in this growth area. The acquisition is completely in line with our strategy of growing through acquisitions in the coming years. I’m pleased to welcome our new colleagues to the Beijer family”, says Geir Thomas Fossum, CEO of Beijer Byggmaterial AB.
With the acquisition of Mälarträ, Beijer Byggmaterial now has 83 branches from Trelleborg in the south to Kiruna in the north.
The parties have chosen not to disclose the terms and price of the transaction.