Taste of Italy 2, a private equity fund specialised in the agri-food sector and managed by DeA Capital Alternative Funds SGR, has acquired 59% of Magel S.r.l. (“Serroplast”) with the aim of accelerating its growth, also through international expansion.
Founded in 1987 by the Borracci family, Serroplast is a leading producer of covering systems for the cultivation of table grapes and other fruits. Serroplast has a wide and technologically advanced range of products, including multi-season films, nets and accessories, with the ability to create turnkey systems to meet all customer requirements. The use of vineyard covering systems, particularly for the cultivation of table grapes, is very widespread in Italy and is growing rapidly abroad, particularly in Spain, South America (Chile and Peru), South Africa and Australia.
The main advantages of using Serroplast’s covering systems include increased productivity of the cultivated areas and improved fruit quality, protection of the fruit from adverse weather and environmental conditions and reduced use of water resources and fertilisers, with a positive impact on the environment. Serroplast offers its customers a comprehensive service with the support of strategic partners such as technical consultants, agronomists and installers.
Serroplast is a major global player, serving numerous customers operating in more than 10 countries. Its main international markets are Peru, Chile, Spain and South Africa. Serroplast is headquartered in Rutigliano, (province of Bari) in Apulia, where it operates from two production plants covering approximately 10,000 m², and also has commercial companies in Chile and Portugal.
You can now read the full press release at the link below
