Brief: Exel Industries Acquires Wauquiez, Rhea-Marine And Tofinou Brands

Exel Industries SA

01/10/2021 07:22

Oct 1 (Reuters) - EXEL INDUSTRIES  EXEP.PA : 
    * EXEL INDUSTRIES ANNOUNCED ON THURSDAY THE ACQUISITION OF
WAUQUIEZ, RHEA‐MARINE AND TOFINOU SHIPYARDS
    * CO ALSO ACQUIRED THE MEDITERRANEAN ETTORE-YACHTING
TECHNICAL
BASE SOLD BY EXPERTON-REVOLLIER GROUP
    * THIS POOL OF BRANDS SPREAD OVER THREE SITES IN FRANCE
(NEUVILLE
EN FERRAIN, LA ROCHELLE AND PORT CAMARGUE) SHOULD GENERATE SALES
OF AROUND EUR 15 MLN IN 2021, HAS ROUGHLY 100 EMPLOYEES
    * THE MARKETS IN WHICH THE WAUQUIEZ, RHEA MARINE AND TOFINOU
BRANDS OPERATE HAVE DIFFERENT CYCLES FROM GROUP’S TRADITIONAL
MARKETS AND WILL INCREASE ITS STABILITY

   
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEXPw1S
 Further company coverage:  EXEP.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))