Setterwalls has assisted Bolist in connection with the consolidation of the building materials chains Bolist AB and XL-BYGG AB, in one of the largest structural transactions ever made on the Swedish building product market. The new group including the chains XL-BYGG, Bolist and Järnia together holds over 300 hardware stores and forms the largest actor on the Swedish market.
Both Bolist and XL-BYGG are member-owned chains where all associated merchants are partners in the respective holding entity. As a part of the transaction, whereby XL-BYGG acquired all shares in Bolist AB, the member-owned Bolist entity will receive shares in XL-BYGG. The three chains XL-BYGG, Bolist and Järnia will continue doing business under separate trademarks. The new group will have a consolidated turnover at over nine billion Swedish crowns.