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Hozelock Ltd was originally set up by Sydney Codling in 1959[citation needed] to sell hoses and garden equipment including the first plastic quick-connector hose connector. As well as manufacturing the equipment in the Haddenham factory they also designed many of their own products.
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Sydney's son, David Codling, took over as Chief Executive circa 1990, after the business was bought in 1990 by CVC Capital Partners, then named Citicorp Venture Capital, in a £24m buy-out from Ropner, the conglomerate.
CVC bought the business with rival private equity groups Cinven, Legal & General Ventures and Prudential's venture capital division. Hozelock was floated in 1993, but CVC took the company private again in 1999 for £85m after a succession of wet summers and stock market turmoil halved the company's share price.[1]
In 2009 the brand agency Haines McGregor was engaged to help develop the European positioning for the brand. Following two previously unsuccessful attempts to sell the business in 2007-9 for £100m, the new positioning and identity work helped support the successful sale to strategic buyer Exel Industries in October 2012 for £200m.[2]
David Codling retired as Executive Chairman in 2009. Steve Hall then became Group CEO. The current [when?] Ceo is Simon Davies.[3]
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