Brief: Exel Industries Acquires Majority Stake In Devaux
08/06/2023 18:01
June 8 (Reuters) - Exel Industries SA EXEP.PA :
* ACQUISITION OF FRENCH FAMILY GROUP DEVAUX
* EXEL INDUSTRIES: ACQUISITION OF FRENCH FAMILY GROUP DEVAUX
* EXEL INDUSTRIES TODAY ANNOUNCES ACQUISITION OF AN 81%
MAJORITY
STAKE IN DEVAUX, A FRENCH FAMILY-OWNED GROUP SPECIALIZING IN
MANUFACTURE AND SALE OF GARDENING TOOLS
* DEVAUX GROUP WILL BECOME A SUBSIDIARY OF HOZELOCK EXEL AND
WILL
OPERATE ALONGSIDE OTHER BRANDS OF EXEL INDUSTRIES GROUP GARDEN
BUSINESS
* THROUGH THIS ACQUISITION, EXEL INDUSTRIES WILL BOLSTER ITS
LEISURE BUSINESS BY OFFERING A NEW RANGE OF HAND-HELD TOOLS
* JEAN-LUC DEVAUX, CURRENTLY DEVAUX GROUP CHAIRMAN OF BOARD,
WILL
BE CHIEF EXECUTIVE OFFICER OF NEW ENTITY
Source text for Eikon: ID:nGNECRBWn
Further company coverage: EXEP.PA
(Gdansk Newsroom)
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