FIMI and Keter has sold Merhav Ceramic and Building to Nior Holdings Ltd.
Keter and First Israel Mezzanine Investors Fund (FIMI), the majority shareholders of Merhav Ceramic and Building Materials Center, Ltd. (Merhav), have successfully sold a 47.41% equity stake in the share capital of Merhav to Nior Holdings Ltd. for US$43 million.
Merhav was founded in 1950 and operates, through subsidiaries, in the manufacturing, importing, marketing and sale of designed products for bathrooms, toilets and kitchens. The company's main products are faucets, bathroom appliances, plumbing products and shower stalls.
Nior Holdings Ltd., founded in 1994 is an operating and holding company that focuses on the timber and roofing construction markets and bonded warehouse services.
FIMI is Israel's first dedicated buy-out and mezzanine fund. Keter is one of the world's leading manufacturers and marketers of plastic consumer products, and a global trendsetter in the do-it-yourself (DIY), household and garden products markets.
Oaklins' team in Israel acted as the exclusive investment bankers for Keter and FIMI in this transaction.
Talk to the deal team
Related deals
Perkbox has been acquired by Great Hill Partners
Molten Ventures has sold Perkbox to Great Hill Partners.
Learn moreArculus Cyber Security has been acquired by Bridewell
The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.
Learn moreGlobal IT Group has joined forces with enthus Group
Global IT Group, an IT services company, and enthus Group GmbH, an IT solution provider operating in Germany, Austria and Switzerland, have joined forces. As a result, enthus Group will significantly expand its market position in Switzerland. The sellers of Global IT have reinvested in the buyer and will ensure that local management continues to run the company as part of the succession planning.
Learn more