Assaf Kamari Group Acquires 50% of Tachanat Lechem for $23 Million
Translated & summarized from TheMarker by baba
Kamari Group, led by Assaf Kamari, will acquire a 50% stake in the Tachanat Lechem and BREADCAFE chains for 23 million shekels. Tachanat Lechem has 16 branches and plans to expand to 50, while BREADCAFE has six. The Avital brothers will continue to manage the chains' daily operations. This deal follows Kamari Group's recent acquisition of the Zalman's sausage chain and is part of its broader expansion strategy.
The story in 5 lines · by baba
- Kamari Group will acquire 50% of Tachanat Lechem and BREADCAFE for 23 million shekels.
- Tachanat Lechem currently has 16 branches, with plans to expand to 50 locations.
- The Avital brothers will continue to manage Tachanat Lechem and BREADCAFE as CEOs.
- This acquisition follows Kamari Group's recent purchase of the Zalman's sausage chain.
- Kamari Group operates over 130 convenience stores and holds numerous food and retail franchises.
Kamari Group, owned by Assaf Kamari, is set to acquire a 50% stake in the Tachanat Lechem bakery and cafe chain, along with the BREADCAFE chain, owned by brothers Shashi and Eran Avital. The deal values the combined entities at 23 million shekels. Tachanat Lechem currently operates 16 branches with six more under construction, and Kamari Group plans to expand it to 50 locations. The six-branch BREADCAFE chain will also be integrated into this joint venture.
The Avital brothers, who currently own Tachanat Lechem, will continue to serve as CEOs of both chains and manage their day-to-day operations. This acquisition follows Kamari Group's recent announcement of its purchase of the Haredi sausage chain Zalman's.
Kamari Group is a significant player in Israel's retail sector, operating over 130 convenience stores under brands like Seven Express, Candyland, and Sweet & Toys. The group also holds franchises for numerous international brands in Israel, managing more than 50 food service and retail outlets, including those for Arkia, Roladin, Golda, and Pizza Agvania. The company is actively pursuing new ventures and acquisitions to fuel its growth strategy in the coming years.
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