Kesko has completed the acquisition of Fresks Group in Sweden
Kesko Group company K-rauta AB has completed the acquisition of Fresks Group from Litorina, Oscarson Invest and the group’s management. Fresks Group is a significant operator in the Swedish builders’ merchant business and the biggest member of the XL Bygg chain. The acquisition will significantly strengthen Kesko’s market position in Sweden, especially in the growing professional builders customer segment.Kesko will obtain Fresks Group, which operates 33 stores with a strong market position in Sweden and employs approximately 500 people, who mainly serve professional small and medium-sized