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Nestlé to Buy Out Osem, Delist it from Stock Exchange

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Vevey, Switzerland-headquartered Nestlé SA announced on February 4 that it intends to acquire the 36.3% stake in Osem Investments Ltd. that it does not already own for approximately $840 million, or ILS 82.50 per share. The Israeli company, established in 1942, produces and distributes more than 2,000 food products at eleven production sites and markets them through a central distribution center and several principal transshipment sites. The group also exports various food items, particularly to European countries and the United States.

tival mushroom burgerAmong value-added frozen products in its extensive portfolio are Tivall brand mini mushroom burgers, vegetarian schnitzels and shwarma, Bonjour brand baked goods and ice cream.

The transaction, subject to approval from Osem’s minority shareholders, includes the delisting of Osem from the Tel Aviv Stock Exchange. Nestlé has a long history of investment in Osem, dating back to 1995, and looks forward to continue partnership with the Osem management to further develop the company.