The initial partnership has a three-year validity with the possibility of automated extension.
In 2022, the Romanian company cultivated around 500 hectares with such potatoes. Within the partnership with Intersnack Romania, Grup Serban is set to deliver 5,000 tons of potatoes in the first year, with the partnership envisaging boosting delivered quantities in the following years.
“Through this partnership, we will be able to secure a stable and predictable income flow, allowing us to plan future investments and further develop our business sustainably. We are grateful to our partners at Intersnack Romania for their trust and we are confident we will have a lasting a mutually beneficial collaboration,” stated Nicolae Serban, Grup Serban Holding board chairman.
Grup Serban has made significant investments in developing the chips potato delivery program, now being among the few agricultural producers in Romania owning the necessary production, warehousing and delivery capacities for this type of potato to top players in the field.
Intersnack Romania in 2021 posted RON504 million turnover. In 2022, Grup Serban Holding reached consolidated turnover worth RON534.4 million, up 11% from 2021, and RON33.8 million net profit, 10% higher than in 2021.
Grup Serban Holding shares have been listed on the AeRO market of the Bucharest Stock Exchange since February 28, 2022. The company has a market capitalization of around RON300 million.
(English version by Catalina Apostoiu)