Its acquisition is part of the implementation of the Group’s strategic plan to create additional growth engines to further strengthen and deepen Inrom’s presence and its leadership in the construction and renovation industries in which it is focused.
Sales of SP activities in 2020 and 2019 amounted to NIS 94.9 million and NIS 84.0 million, respectively, EBITDA amounted to NIS 21.4 million and NIS 18.6 million, respectively.
Its sales in the first half of 2021 and 2020 amounted to NIS 47.7 million, and NIS 36.2 million, respectively, and EBITDA to NIS 15.0 million and NIS 9.5 million, respectively.
Inrom Construction Industries Ltd., One of the largest and leading industries in its field in Israel, engaged in the production, sale and marketing of a variety of products and solutions for the construction and renovation markets, infrastructure and other uses, through the companies Itung, Carmit Mister-Peaks and Nirlat Colors, completed the transaction. Of approximately NIS 150 million, following its announcement from October 2021. The acquisition was financed in part in the amount of NIS 70 million from the Group’s independent sources as equity and in part through two loans from banks in the total amount of NIS 80 million to be repaid over a period of 7 years. , Taken by SP Industries, a new subsidiary (100%) established by Inrom for the purpose of acquiring the activity.
According to Properma reports prepared for the SP’s activities, its revenues in 2020 and 2019 amounted to approximately NIS 94.9 million and approximately NIS 84.0 million, respectively. Sales in the first half of 2021 and 2020 amounted to NIS 47.7 million and NIS 36.2 million, respectively. EBITDA for the years 2020 and 2019 amounted to approximately NIS 21.4 million and approximately NIS 18.6 million, respectively. EBITDA in the first half of 2021 and 2020 amounted to NIS 15.0 million and NIS 9.5 million, respectively.
Noam Shachalka, CEO of Inrom, said: “We are pleased to complete this strategic transaction. The SP activity is a leader in its field and enjoys an excellent reputation, will strengthen and deepen Inrom’s presence in its core markets and diversify the product portfolio and solutions we offer our customers. “We will expand the value chain we offer to the various construction stages and in general. We believe that thanks to the group’s market leadership and its dominant presence, the new activity will fit well into the group and will be another strong and significant growth engine for years to come.”