Kamari Group Acquires 50% Stake in Bread Station Bakery Chain
Translated & summarized from TheMarker by baba
The Kamari Group, owned by Assaf Kamari, is acquiring a 50% stake in the Tachanat Lechem bakery and cafe chain and the Breadcafe chain for 23 million shekels. This follows Kamari Group's recent purchase of the Zalman's sausage chain. Tachanat Lechem, which has 16 branches, is planned to expand to 50 locations under the new ownership. The Avital brothers currently own the chains.
The story in 5 lines · by baba
- Kamari Group is acquiring a 50% stake in Tachanat Lechem and Breadcafe for 23 million shekels.
- The deal follows Kamari Group's recent purchase of the Zalman's sausage chain.
- Tachanat Lechem currently has 16 branches, with plans to expand to 50.
- Assaf Kamari owns the Kamari Group.
- Shashi and Eran Avital currently own Tachanat Lechem and Breadcafe.
The Kamari Group, owned by Assaf Kamari, is expanding its food industry holdings with the acquisition of a 50% stake in the bakery and cafe chain, Tachanat Lechem (Bread Station), and the cafe chain Breadcafe. The deal values the combined entities at 23 million shekels.
This acquisition follows Kamari Group's recent announcement of its purchase of the kosher sausage chain Zalman's. Tachanat Lechem currently operates 16 branches with an additional six under construction. Kamari Group plans to significantly expand the bakery chain to a total of 50 locations.
The Tachanat Lechem and Breadcafe chains are currently owned by brothers Shashi and Eran Avital.
Mentioned
