:. Food Industry News

Categories: Mergers and Acquisitions

Israel's Osem to Buy Bonjour Chain for 117 Mln Shekels

Source: Reuters
02/08/2006

Tel Aviv, Aug 2 - Israeli foodmaker Osem Investments said on Wednesday it reached an agreement to acquire ownership of Bonjour, a maker of frozen bakery products, for 117 million Israeli shekels ($26.58 million).

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Osem will buy Bonjour from the Fishman Group, owned by Israeli businessman Eliezer Fishman.

The deal is subject to shareholders' approval and the anti-trust authority, Osem said in a statement to the Tel Aviv Stock Exchange.

Bonjour is one of the main producers of frozen bakery products in Israel.

Osem is 53.8 percent held by Swiss food giant Nestle.

($1=4.402 Israeli shekel)




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