History
Exel's operations started in 1960 when three chemists founded a company which specialized in the production of electronic detonator caps. The company's name was derived from the words Explosive Electronics. Product development took the company quickly to sports in the 1970s. The manufacture of industrial applications was started in 1980. 21st century has been era of acquisitions and divestments. Today Exel Composites is the largest pultruder in the world.
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1960s
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Production of hearing protectors
Development of flexible production techniques
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1970s
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Start of composite products
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1973
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Start of cross-country ski pole production
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1976
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Breakthrough in cross-country sales (Innsbruck Olympic Games)
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1978
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First demanding carbon fibre profile for textile machines
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1980
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Start of manufacture of industrial applications
Start of laminate and windsurfing mast production
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1982
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Start of telescope mast production
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1990
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Refocusing of Industry Division's strategy
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1991
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Start of lattice mast production
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1992
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Start of golf shaft production
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1993
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Start of alpine ski pole and floorball club production
Start of doctor blades and other paper machine applications
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1995
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Start of antenna profile production
Acquisition of Prostick brand
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1996
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Start of ice hockey and inline hockey shaft production
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1997
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Start of Finnish baseball bat production
Acquisition of Pyhis baseball business
Acquisition of Power Magic brand (goalie's outfits and equipment)
Acquisition of Exel Kunststoff GmbH
Launching of Nordic Walking
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1998
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Acquisition of International Gateway AB
Golf business discontinued
Start of carbon fibre application production for the offshore industry
Exel listed on Helsinki Stock Exchange
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2000
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Acquisition of the business operations of Fiberspar Performance
Products (windsurfing masts)
Exel's share to Helsinki Stock Exchange Main List
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2001
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Acquisition of Menzolit-Fibron GmbH's pultrusion business
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2004
2005
2006
2007
2008
2009
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Acquisition of Bekaert's pultrusion business
Acquisition of Faserprofil GmbH's pultrusion business
Acquisition of Pacific Composites Pty. Ltd's shares
Exel GmbH's Plastics operations sold to CPS GmbH
Outdoor business sold to ESB Sports
Floorball business sold to Cape Nordic
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