Exel Industries: Bouncing back
For the first time in its history, the family-owned farm equipment company Exel Industries is no longer directly managed by a family member but, more importantly, will record very heavy losses. These losses are due partly, but not only, to the COVID crisis. The company has faced declining markets for several years. It has suffered the consequences of a drop in agricultural prices since 2012/2013 in particular, but has also felt the effects of environmental constraints aimed at limiting agricultural spraying. Now is therefore the time to buy!
EXEL Industries designs and manufactures precision spraying equipment that it markets to three markets: farming, industry and consumers. Co. organizes its operations into two divisions: Plant Protection (manufactures professional, semi-professional and consumer agricultural spraying equipment for plant protection; plant health products sprayed include herbicides, insecticides, fungicides, liquid fertilizers and other products) and Material Protection (supply of material protection products in two different areas: paint and viscous industrial product application equipment; and elimination of dust and odors).
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