Kamari Group Acquires 50% of Bakery and Cafe Chains for $6.5 Million

Kamari Group has acquired a 50% stake in the bakery and cafe chain Tachanat Lechem and the cafe chain BREADCAFE, owned by brothers Sashi and Eran Avital, for a valuation of NIS 23 million (approximately $6.5 million). This marks Kamari Group's second food sector acquisition within a week, following their purchase of a 50% stake in the kosher sausage chain Zalman's for NIS 7 million.

Tachanat Lechem currently operates 16 branches across Israel, with six more under development. The new partnership aims to accelerate the chain's growth, expand its national presence to approximately 50 branches, and enhance its operations. BREADCAFE, which has six locations, will also join the joint venture.

Sashi and Eran Avital will continue to serve as CEOs of the chains, while Kamari Group will contribute its business and retail experience, business development capabilities, and operational infrastructure. This move aligns with Kamari Group's strategy of expanding through partnerships and acquisitions of high-growth potential chains, alongside developing new brands.

Assaf Kamari, an owner of Kamari Group, stated that the partnership is a significant step in their expansion strategy, emphasizing their belief in brands with clear identities, loyal customer bases, and substantial growth potential. He views Tachanat Lechem as an opportunity for broad national expansion.

Kamari Group's retail operations span convenience stores, food, and commerce, managing over 130 convenience stores under brands like Seven Express and Candyland, as well as numerous other stores in development. The company also holds franchises for major brands in Israel, including Arcafe, Roladin, and Golda, operating over 50 fast-food, cafe, restaurant, and convenience store locations.