M&A Deal Summary

Gazit Industries Acquires Polygal Plastics Industries

On April 25, 2010, Gazit Industries acquired chemicals company Polygal Plastics Industries

Acquisition Highlights
  • This is Gazit Industries’ 1st transaction in the Chemicals sector.
  • This is Gazit Industries’ 1st transaction in Israel.

M&A Deal Summary

Date 2010-04-25
Target Polygal Plastics Industries
Sector Chemicals
Buyer(s) Gazit Industries
Deal Type Add-on Acquisition

Target

Polygal Plastics Industries

Hashofet, Israel
Polygal Plastics Industries Ltd. was a manufacturer of poly carbonate multi-wall sheets. Poligal was based in Hashofet, Israel.

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Buyer(S) 1

Buyer

Gazit Industries

Tel Aviv, Israel

Category Company
Sector Plastics
DESCRIPTION

Gazit Industries specializes in the production and distribution of extruded plastic products. Gazit operates through a number of subsidiaries such as: Plazit (2001)- a manufacturer of extruded acrylic boards, Arizot Madaf-Plazit - a manufacturer of packaging to the food industry, MCP - a manufacturer of heat resistant food containers, Mapal - a manufacturer of polypropylene boards for various uses. Production is based in various factories throughout Israel and in Europe. The Group's sales are mostly outside of Israel and, in particular, in Europe.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2010 M&A 1 of 1