FagFlis Group has been acquired by STARK Group A/S
December 2022 — Through the acquisition of FagFlis Group, Norway’s leading B2B specialist in ceramic tiles and related products, STARK Group A/S, secures a crucial building block in their Nordic growth strategy.
FagFlis Group (seven interrelated companies operating under the brand FagFlis) is a leading B2B supplier engaged in the import, distribution and retail sale of ceramic tiles, building chemicals, brick laying tools and related products. The group consists of 28 stores whereof 13 are fully owned, and 12 franchise stores in Norway and three owned stores in Sweden. In addition, FagFlis operates a fully integrated import and wholesale operation consisting of logistics hubs in both Norway and Sweden. FagFlis is a strong brand, dating back to 1996, and its main customers are architects, master bricklayers, tilers, construction companies and entrepreneurs. FagFlis holds a strong strategic market position in Norway (about 27%) and is rapidly growing in the Swedish market with its successful concept geared towards professionals.
STARK Group is northern Europe’s largest distributor of heavy building materials for the construction industry in the Nordics and Germany, with a strategic focus on serving the professional builders. Ceramic tiles and related products are already an important part of the group’s business in Germany, via the chain Keramundo – and in Sweden via Beijer Bygg. Neumann Bygg AS, the Norwegian subsidiary of STARK Group, is formally the acquiror. The acquisition represents an important strategic milestone and a considerable increase in STARK’s Norwegian footprint.
Our role in the transaction
Oaklins’ team in Norway acted as the exclusive sell-side financial and strategic advisor to the shareholders of FagFlis Group. The team was engaged throughout the sale process from the drafting of marketing material and presentations, financial data pack, development of strategic potential buyers list, management presentations, due diligence, negotiations and overall guidance through the closing of the transaction.
Henrik Stensrud
CEO, FagFlis Group
Talk to the deal team
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn moreNextalia has acquired a majority stake in Witapp
Nextalia SGR S.p.A. has acquired a majority stake in Witapp S.r.l., an Italian company specializing in software development for the digitization of healthcare infrastructure. The acquisition strengthens Nextalia’s track record in technology companies serving the public sector and supports its strategy of investing in businesses operating at the intersection of healthcare digitization and the modernization of public services.
Learn more