Peugeot Frères Industrie, a 100% subsidiary of Etablissements Peugeot Frères, the head holding company of the Peugeot Family Group, completed the €33m investment in Tivoly, a machine industry company. "Our family is committed to an ambitious approach to the development of the Peugeot brand, a multi-trade brand since its origins, in its historical fields and in new horizons beyond the automotive world. After strengthening our Kitchenware division in 2018 with the acquisition of Monbento and Bretagne Céramique Industrie, we are now pursuing this strategy in Tooling and beyond. We are delighted to support the growth of the Tivoly Group, in an entrepreneurial approach and in the spirit of our shared family values, by acquiring a stake in this fine French company," Christian Peugeot, Peugeot Frères Industrie CEO.