Serac Group Acquires 100% of Shares in Agami

19 Feb 2014 --- The French group Serac has purchased 100% of the shares in Agami, company located in Trappes, West of Paris. Serac Group had acquired a minority participation in Agami’s capital in 2010.

Serac Group initially invested in Agami in order to support their groundbreaking innovation for which they held high hopes: manufacturing polystyrene bottles from a plastic sheet (PS).

Serac has been supporting Agami’s development, providing an outlet for their machines and assisting in fine tuning their design. Several machines have been delivered for small size dairy bottles. Serac believes in the high potential of Agami's offering, which is perfectly compatible with Serac's strategy of diversifying into the packaging manufacturing market.

The technological challenges have all been met; the focus is now on investing in financial and human resources to increase sales. Concurrently developing new applications such as PP bottles manufacturing (polypropylene) and multi-layered bottles is forecasted to bring additional growth.

Agami’s founder, Stylianos Eleftheriou, is appointed General Manager and will lead the Research and Development department.