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. Today Exel is the largest pultruder in the world.

1960s

 

Production of hearing protectors
Development of flexible production techniques

1970s

 

Start of composite products

1973

 

Start of cross-country ski pole production

1976

 

Breakthrough in cross-country sales (Innsbruck Olympic Games)

1978

 

First demanding carbon fibre profile for textile machines

1980

 

Start of manufacture of industrial applications
Start of laminate and windsurfing mast production

1982

 

Start of telescope mast production

1990

 

Refocusing of Industry Division's strategy

1991

 

Start of lattice mast production

1992

 

Start of golf shaft production

1993

 

Start of alpine ski pole and floorball club production
Start of doctor blades and other paper machine applications

1995

 

Start of antenna profile production
Acquisition of Prostick brand

1996

 

Start of ice hockey and inline hockey shaft production

1997

 

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

1998

 

Acquisition of International Gateway AB
Golf business discontinued
Start of carbon fibre application production for the offshore industry
Exel listed on Helsinki Stock Exchange

2000

 

Acquisition of the business operations of Fiberspar Performance
Products (windsurfing masts)
Exel's share to Helsinki Stock Exchange Main List

2001

 

Acquisition of Menzolit-Fibron GmbH's pultrusion business

2004

2005

2006

2007

2008

2009

 

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

Exel Sports Brands' Outdoor business sold to ESB Sports Oy

Exel Sports Brands' Floorball business sold to Cape Nordic Oy

Exel Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland, Tel +358 20 7541 200, Fax +358 20 7541 201