(AOF) – As part of the strong growth of its activities in the Garden, Exel Industries reached an agreement on Friday for the acquisition of 100% of the company GF Garden sold by the Italian family group Fispa SRL The transaction should be finalized in February 2022. Its amount has not been communicated.
GF Garden is a historical manufacturer of garden equipment in Italy. The company produces articles for watering, irrigation, garden maintenance and outdoor living. It develops its activity in more than 50 countries, through its own brands, and private label. GF has also developed a brand of recycled products RECO.
Established in the Emilia Romagna region, in Correggio, GF Garden has an industrial site. The company achieved a turnover of 34 million euros in 2021 and employs 170 people.
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