After being kibbutz-owned for over 50 years, Kibbutz Yehiam sells 51% of its holdings in the Yehiam deli for the production of sausages and pastrami, to the Green Lantern Fund, owned by Richie Hunter, at a market value of NIS 165 million. The company’s sales turnover is about NIS 130 million and it employs 145 people, some of them members of a kibbutz.
Yedioth Ahronoth reported that in recent years the kibbutz has been looking for a strategic investor to help it develop the factory business, which also includes activities in the United States.
Yehiam Delicatessen was established in 1969 in the kibbutz. The company is a manufacturer, marketer and seller in Israel and abroad of kosher pastrami, salami and sausages in a wide variety of flavors, coatings and packaging forms. From its inception until today, the company has developed and grown while maintaining the full ownership of Kibbutz Yehiam.
In order to maintain independence from the group, while controlling the decisions and results, a managerial separation was made as early as 1993 between the group that established the plant and the market that changes continuously and unexpectedly and is important and permanent – it is consumers and customers. In order to ensure independence and independence, a separate board of directors was established for the company, while maintaining an external chairman and professional directors.
Since the 1980s, the company has steadily developed its export markets and currently more than 20% of the company’s products are exported by sea to kosher markets in the United States, France, England, Italy and Hungary. Strictly kosher 100% beef.
Yochai Ne’eman, CEO of “Yehiam Delicacies”: “The kibbutz has decided to find a strategic partner that together will accelerate the company’s growth in the coming years. A partner who can lead rational changes while being creative, investing and being open in the common half. This time, we are convinced that the two are better than the one and if the two are bigger than the one – we won. ” And established the Yehiam Delicatessen Factory.
On behalf of Green Lantern, the investment was led by the three partners: Richie Hunter, Danny Ben Rei and Yosef Eliash, who stated that, “We have 5 investment principles and they are: a popular brand for consumers, a leading company in its field, good profitability, good and fair partners and growth potential. Yehiam Delicacies Answers Everyone We are proud to be partners of the group, its founders and successors and to work shoulder to shoulder with the company’s management and employees, to whom we were exposed and impressed as experts, determined and perhaps even more as a group who wants to learn and benefits “Diversity of activity, innovation”.