The Israeli private equity firm will buy 75% of the company from Kibbutz Metzer for NIS 206 million.
Israeli private equity firm Adam’s partnerswhich focuses on the food and agriculture sectors, announced today that it has signed a memorandum of understanding with Kibbutz Metzer to purchase the drip irrigation company Mitzerplas. Adam Partners will pay NIS 206 million for 75% of Metzerplas, reflecting a company valuation of NIS 275 million. Kibbutz Metzer will continue to hold the remaining 25% of the company’s shares. Adam Partners also reported that the acquisition had been approved by a majority of the kibbutz’s members and that financing for the deal would come from a group of investors led by Roni Biram and Gil Deutsch’s Roligo Group.
Metzerplas was founded in 1970 on Kibbutz Metzer near Pardes Hana. The company manufactures plastic products, mainly drip irrigation systems and accessories as well as household plumbing products including pipes.
At the end of 2021, Inrom fully acquired Metzerplas Super Pipe’s activities including the manufacturing and marketing of pipe systems and accessories.
Published by Globes, Israel Business News – en.globes.co.il – on January 1, 2025
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