Funds managed by CVC Capital Partners today announce that they have entered into a definitive agreement to sell the Hozelock Group to Exel Industries.

Headquartered in Birmingham, the Hozelock Group comprises both the Hozelock and Tricoflex brands, and is a leading producer of watering, spraying and aquatic products.

Exel Industries is listed on the NYSE Euronext and is a leading manufacturer of precision spraying equipment for agricultural and industrial end-markets.

CVC Capital Partners were advised by Clifford Chance.