NOVACAP has announced investment in Mucci Farms Ltd., a grower, packer and shipper of greenhouse vegetables in North America. Financial terms were not disclosed.
“We are very excited to be partnering with NOVACAP who, with its resources and expertise, will provide invaluable support to our company as we enter this next phase of growth,” said Bert Mucci, President of Mucci. “This partnership will allow us to focus on operations and growth as we aim to become the preferred quality supplier of our industry.”
“This partnership is a great opportunity for NOVACAP to support a highly qualified management team and to partner with a leader in the industry,” said Domenic Mancini, Senior Partner at NOVACAP. “The company has an established track record and strong customer relationships and we are looking forward to working with the team and take the business to the next level.”
Located in Kingsville, Ontario, Mucci grows its own produce and is involved in marketing over 700 acres of greenhouse produce from growers throughout North America. The company also operates warehouse and distribution facilities in Ontario and Michigan. Mucci is Kingsville’s largest employer with more than 1,200 full-time employees.
On June 6, 2016, Mucci International Marketing Inc., Mucci Pac Ltd., and two directors were fined $1.5 million for offences under the Food and Drugs Act.
photo credit: Christo Anestev via pixabay
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
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