EXEL Industries SA (ENXTPA:EXE) reached an agreement to acquire G.F. Garden Srls from Fispa S.R.L. on January 28, 2022. G.F. Garden achieved a total revenue of €34 million in 2021. As of February 15, 2022, GF Garden becomes a subsidiary of EXEL Industries and will operate alongside the brands of the group's Garden division, Hozelock, Tricoflex and Berthoud.

The GF Garden site in Corregio in the Emilia Romagna region joins the group with all its employees. EXEL Industries has completed the acquisition of 100% of the Italian company GF Garden after all precedent conditions have been satisfied. The transaction is expected to be completed in February, 2022.