Beijer Ref AB (publ) (OM:BEIJ B) signed an agreement to acquire Webb Supply Co. from a family on December 20, 2023. Upon completion, Webb Supply will continue to operate under its own brand, in both distribution and marketing. Webb Supply has annual sales of approximately SEK 200 million. The existing management will roll-over investment into Beijer Ref?s US platform and continue to run the business. The acquisition is expected to have a minor positive impact on the group?s result and position.
Beijer Ref AB (publ) (OM:BEIJ B) completed the acquisition of Webb Supply Co. from a family on December 31, 2023.