Based in Eygalières (Bouches-du-Rhône) and listed on Paris Stock Exchange, Richel Group is the European market leader in the glass and plastic greenhouse market. It designs and produces greenhouses for horticulture and vegetable growing projects. The Group also develops and installs heating, irrigation, handling and climate control equipment, etc.
The company reported a FY2015 revenue of €78.9m, growing by more than 17% and a €4.2m EBIT.
“We are glad to accompany Richel family and BNP Paribas Développement in this deal. Richel is a very well managed company which realises half of its revenues out of France. We will do our best to help the management in their growth projects.” said Philippe Bruneau.