B.Y.R.A.N. Acquires Majority Stake in Concrete Components Manufacturer Bar-El

Infrastructure company B.Y.R.A.N. is acquiring a 75% stake in Bar-El Industries for NIS 35 million, a deal that grants B.Y.R.A.N. control of the company and has received approval from the Competition Authority.

Bar-El, previously controlled by Eli Bar-El, specializes in the development, design, production, marketing, and supply of precast reinforced concrete components and related engineering solutions, primarily for the infrastructure and defense sectors. The company operates from two sites in northern Israel and utilizes two concrete production machines for its own use.

Eli Bar-El will retain a 25% ownership in Bar-El and holds an option to sell his remaining shares to B.Y.R.A.N. within 12 months. B.Y.R.A.N., controlled by Avihai Stolero, is publicly traded with a market capitalization of NIS 500 million and will finance the acquisition using its own funds, raised through previous capital infusions this year.

B.Y.R.A.N.'s stock has seen a 27% decline year-to-date but has risen 132% over the past three years. In 2025, Bar-El reported revenues of NIS 46 million and a profit of NIS 5.2 million, an increase from NIS 37 million in revenue and NIS 5.1 million in profit in 2024. The company has liabilities totaling NIS 14 million.

B.Y.R.A.N. CEO Itzik Frank stated that the acquisition aligns with the company's strategy to diversify income streams with products and activities independent of project cycles. He added that Bar-El's production capabilities enhance their offerings in infrastructure, protection, and defense, with potential for synergy within the B.Y.R.A.N. group. B.Y.R.A.N. intends to leverage its resources to support Bar-El's growth while continuing to develop its own group activities.