FagFlis Group has been acquired by STARK Group A/S

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.

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.

Service

M&A sell-side

Parties

“We chose Oaklins because of its solid understanding of our business, the building materials industry and the relevant universe of buyers. Through close collaboration and determination, the team conveyed the strategic strengths and potential of our business, anticipated and handled the challenges throughout the process and negotiated rewarding terms on our behalf. I must admit that the sale process was more challenging than expected, but with the support of Oaklins, it was structured and timely, and the result was better than we hoped for. I can genuinely recommend Oaklins to anyone who considers selling their business.”

Henrik Stensrud

CEO, FagFlis Group

Talk to the deal team

Nikolai K. Lunde

Managing Partner

Oslo, Norway
Oaklins Norway

View profile Get in touch

Einar W. Solheim

Analyst

Oslo, Norway
Oaklins Norway

View profile Get in touch

Related deals

TEAM Safety Services Limited has been acquired by Vadella Group

Private Equity | Business Support Services

TEAM Safety Services Limited has been acquired by Vadella Group

TEAM Safety Services Limited, a leading UK-based health, safety and fire safety consultancy, has been acquired by Vadella Group, a specialist provider of inspection-led compliance services for the built environment.

Learn more

MEDIK Hospital Design Group has been acquired by STERIS

Construction & Engineering Services | Healthcare

MEDIK Hospital Design Group has been acquired by STERIS

The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.

Learn more

Sunrise Eggs has been acquired by Agrova International

Private Equity | Agriculture | Food & Beverage

Sunrise Eggs has been acquired by Agrova International

Sunrise Eggs, one of the UK’s best-established independent egg producers and distributors, has joined Agrova International AS, a European poultry and agri-foods group.

Learn more