Three timber yards previously have changed ownership and are now part of a new company under XL-Byg Brejnholt.
The timber yards have been operating under perating under the name Østerbro Tømmerhandel.
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The new acquisition includes Østerbro Tømmerhandel, Søborg Tømmerhandel, and Vejby Tømmerhandel, strengthening Brejnholt's presence in Greater Copenhagen and Northern Zealand.
Brejnholt Group, a family- and employee-owned company, sees this acquisition as a strategic move towards becoming a stronger, nationwide alternative to the foreign-owned, capital-driven chains that dominate the construction industry. According to Group CEO Robin Brejnholt, this expansion is a key component of their growth strategy leading up to 2030.
The new company, Brejnholt Søborg A/S, will operate under a partnership model. CEO Michael Nielsen from Østerbro Tømmerhandel and Sales Manager Nikolai Olesen will each hold 10% of the shares, while the previous owner, Allan Lundberg, retains 20%, and Brejnholt owns the remaining shares. This co-ownership model aims to foster a unique commitment among senior employees, which Brejnholt believes will positively influence the entire workforce.
Source: www.wood-supply.dk