Kesko combines building and home improvement trade in the Baltic region

The Finnish Kesko Group is combining its activities in the building and home improvement trade in the three Baltic States and Belarus and bringing everything together under the umbrella of the Lithuanian subsidiary Senukai. The plan is to implement the integration in such a way that Kesko will sell the shares in its wholly owned companies responsible for the operations of K-rauta stores in Estonia and Latvia to Senukai. Kesko sees itself as the "clear market leader in the building and home improvement trade in the Baltic region and Belarus, with a total of 47 own stores and 51 stores operating under the franchise model and sales amounting to € 573 mio", says Terho Kalliokoski, President of the home improvement and speciality goods trade division.