Litorina IV LP has signed an agreement to divest Fresks Group to Kesko.
Fresks Group was founded in 1862 in Östersund and is today a leading Swedish builders’ merchant, where customers are small and medium-size companies. Fresks has 33 stores with leading market positions around Sweden and offers customers a broad and deep range of quality products in building material, hardware and paint with a high degree of service.
In 2018, Fresks had pro forma sales of approx. SEK 2,200m and a pro forma EBITDA of approx. SEK 180m.
Carnegie acts as sole financial adviser to Litorina.