As part of the strong growth of its activities in the Garden sector, EXEL Industries bought 100% of the company GF Garden from the Italian family group FISPA Srl.

Equita K Finance (member of Clairfield International and part of Equita Group) acted as financial advisor of FISPA Srl, Sutich Barbieri Sutich Studio Legale and Studio Morandi acted as legal and tax advisors.
Cornet Vincent Ségurel and Withersworldwide acted as legal advisors of EXEL Industries and KPMG performed the financial and tax due diligence.

Already present in garden equipment with the HOZELOCK, BERTHOUD and TRICOFLEX brands, the acquisition of GF Garden will strengthen the position of EXEL Industries on this market.
With significant market shares in the UK, France and Northern Europe, HOZELOCK will benefit from GF Garden’s strong presence in Italy, France, Southern Europe and Germany. Thus, this acquisition further strengthens the Group’s position in Southern Europe for its garden business.
The complementarity of geographical markets, coupled with obvious product synergies, allows EXEL Industries to gain further expertise in garden equipment with the combination of powerful complementary brands. Indeed, the strong identity of its products gives GF Garden a recognized reputation in its markets.
Thanks to its industrial efficiency, GF has been able to develop “Private Label” manufacturing and is becoming a real European alternative to products manufactured in Asia.

GF Garden is an historical manufacturer of garden equipment in Italy. The company produces goods for watering, irrigation, garden maintenance and outdoor living. It is active in more than 50 countries, through its own brands and private labels. GF has also developed the brand RECO for recycled products.
Located in the Emilia Romagna area, in Correggio, GF Garden has one industrial site. The company achieved a total revenue of Euro 34 million in 2021 and employs 170 people.

EXEL Industries is a French family-owned group listed in the Paris stock exchange that designs, manufactures and markets capital equipment and provides associated services that enable its customers to improve efficiency and productivity or enhance their well-being while achieving their CSR objectives.
Since its inception, the Group has recorded significant growth in each of its markets through both organic growth and corporate acquisitions, underpinned by a stable shareholder base guided by a long-term development strategy.
EXEL Industries employs approximately 3,500 permanent employees spread across 27 countries and five continents. The Group posted FY 2020-2021 sales of Euro 877 million of which Euro 132 million was achieved in the Garden business.