Jan Tryk is based in Hjørring and delivers services within masonry, plastering and insulation with a large share of renovation projects around Jutland. The main customer groups are tenant-owner associations and private property owners. Jan Tryk has 20 full-time employees, and for the financial year 2021, its revenues amounted to about DKK 14 million.

The acquisition takes place in the form of a transfer of assets where Fasadgruppen’s subsidiary P. Andersen & Søn acquires the entire operations of Jan Tryk, including customer contracts, work tools, brand and employees.

Jeppe Danning, CEO of P. Andersen & Søn, said: “We see a perfect match with Jan Tryk who shares our view on quality and craftmanship, and we look forward to welcoming the entire team to P. Andersen & Søn. Jan Tryk possesses great expertise in plastering and insulation, and together we see large opportunities to win further market shares in Jutland."

Jan Tryk, CEO of Jan Tryk Facadepuds, said: “I have been active in Jutland for more than 20 years and have worked together with P. Andersen & Søn on several occasions. To merge our businesses is a natural next step where we create a strong platform for continued growth.”

Fasadgruppen is using existing cash to finance the acquisition. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within one month for an amount corresponding to DKK 1.5 million. The shares bought under the re-investment are subject to a lock-up commitment for 36 months. The acquisition is expected to be completed during September 2022.