EXEL Industries continues to diversify into shipbuilding with the acquisition of the WAUQUIEZ, RHEA and TOFINOU brands
01 October 2021 - 3:30PM
EXEL Industries continues to diversify into shipbuilding with the
acquisition of the WAUQUIEZ, RHEA and TOFINOU brands
PRESS
RELEASE September
30, 2021
EXEL Industries
continues to diversify into shipbuilding with the acquisition of
the WAUQUIEZ, RHEA and TOFINOU brands
As part of its continued diversification, EXEL
Industries announces the acquisition on September 30th, 2021 of the
WAUQUIEZ, RHEA-MARINE and TOFINOU shipyards, as well as the
Mediterranean ETTORE-YACHTING technical base sold by the
EXPERTON-REVOLLIER Group.
-
WAUQUIEZ, emblematic manufacturer of
top-of-the-range French-style blue water sailing yachts since the
1960s. Wauquiez yachts combine purity of lines, comfort and sailing
performance for long-distance, fast cruising journeys.
- RHEA
MARINE, manufacturer of neo-retro
motorboats since the 1990s, crafted with timeless lines. A
well-established shipyard in La Rochelle, RHEA MARINE offers both
traditional and modern boats for coastal and offshore
sailing.
-
TOFINOU, manufacturer of luxury sailing boats
since the 1980s. Elegant, efficient and comfortable, Tofinou
boats are ideal for day cruising and solo-sailing for demanding
sailors.
This pool of brands spread over three sites in
France (Neuville en Ferrain, La Rochelle and Port Camargue) is set
to generate sales of around €15 million in 2021 and has roughly 100
employees.
EXEL Industries is constantly seeking to
diversify, and this shipbuilding activity fits perfectly into that
perspective. The markets in which the WAUQUIEZ, RHEA MARINE and
TOFINOU brands operate have different cycles from the Group’s
traditional markets and will increase its stability.
These companies operate in B2B2C and B2C
configurations, and have national reach as well as an export
footprint.
The strong identity of their products gives each
brand an established reputation in their specific markets.
This new acquisition is in line with the skills
that have made the Group so successful, namely the high technicity
of its products, small and medium series production and mastery of
the entire value chain: R&D, production, distribution and
associated services.
EXEL Industries is a French family group, which
ambition is to design, manufacture and market capital equipment and
associated services enabling its customers to improve efficiency
and productivity, or to contribute to the pleasures of life, while
achieving their ESG objectives. EXEL Industries employs over 3,500
people spread across 34 countries and five continents.
Euronext Paris, SRD Long only – compartment B
(Mid Cap) / EnterNext© PEA-PME 150 index (Mnemo EXE/ISIN
FR0004527638)
This Press release is available on the website
www.exel-industries.com.
Yves BELEGAUDGroup Chief Executive
OfficerYves.belegaud@exel-industries.com |
Patrick TRISTANIC.F.P.O./ Investor Relations. Tel:
0682258104Patrick.tristani@exel-industries.com |
www.rhea-marine.fr www.tofinou.com
www.wauquiez.com
2.13.0.0
2.13.0.0
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