EXEL Industries: Acquisition of French family group Devaux
EXEL Industries today announces the acquisition of an 81% majority stake in Devaux, a French family-owned group specializing in the manufacture and sale of gardening tools.
- EXEL Industries today announces the acquisition of an 81% majority stake in Devaux, a French family-owned group specializing in the manufacture and sale of gardening tools.
- The Devaux Group was formed in 1992 following the takeover of Duchesnay, a manufacturer of graden tools founded in 1923, by Établissements Devaux, a company trading in garden tools founded in 1964.
- We are proud to join a family-owned group with which we share core values: operational excellence, service culture, respect for the environment and a passion for French industrial know-how.”
The Devaux group will become a subsidiary of Hozelock EXEL and will operate alongside the other brands of the EXEL Industries Group Garden business: Hozelock, G.F., Berthoud and Tricoflex. - Jean-Luc Devaux, currently Devaux group Chairman of the Board, will be Chief Executive Officer of the new entity.