Keshet Prima is one of the largest manufacturers in Israel in the field of manufacturing adhesives for ceramics and plaster, the company has a turnover of about NIS 200 million a year and it employs about 200 workers in the Nitzanei Shalom industrial area
At noon, the cement cement importer, from the Israel Shipyards Group, completed the acquisition of Keshet Prima, one of the largest private manufacturers in Israel of finishing materials, adhesives and powders in the field of construction. According to a report to the stock exchange issued by Israel Shipyards, for the purchase, Cement paid NIS 61.5 million plus VAT and will later pay another NIS 30 million, depending on the company’s performance. The acquisition is part of the company’s strategic move to expand its product portfolio and enter other areas in the field of construction products.
Keshet Prima was established about 35 years ago and is still owned by the Geshuri family, the founding family. The company is considered one of the leading manufacturers in Israel in the field of manufacturing adhesive mixtures intended for the construction industry, including adhesives for ceramics, plaster and more, an area estimated at NIS 800-900 million per year. The Nitzanei Shalom industrial zone employs about 200 people. The company’s turnover is about NIS 200 million a year and the profit is about NIS 25 million.
Cement, established in 2016, is considered the largest cement importer in Israel and currently holds a market share of about 20% of the cement sector, which stands at about 10 million tons per year. The company controls the entire supply chain of cement to its customers.