Ackerstein Group Acquires 85% Control of Israeli Wall Cladding Maker EcoWall for NIS 47 Million

The Ackerstein Group has purchased an 85% stake in EcoWall, a manufacturer of wall cladding solutions, from Tadmor Group and other shareholders for NIS 47 million. The deal values EcoWall at NIS 55 million and includes the full divestment of Tadmor, which previously held about 33% of the company. Ariel Pokotinsky, EcoWall's CEO, will remain in his role and retain a 15% ownership stake. The transaction is subject to customary conditions, including approval from the Israeli Antitrust Authority, and includes an option for Ackerstein to acquire full ownership in the future.

Founded in 2020, EcoWall specializes in granite porcelain-based cladding products that combine thermal insulation, durability, and design flexibility. The company currently holds approximately 20% of the Israeli cladding market, challenging the dominant Bernovitch method, which still controls about 70% of the market. EcoWall’s patented technology, developed in 2023, operates a production facility in Barkan with an annual capacity of around 650,000 square meters. Industry sources project EcoWall’s revenues to reach about NIS 60 million by 2026. Its clientele includes major construction firms such as Tzemach Hamarman, Acro Real Estate, Tadmor, Ashtrom, and Geshem.

Tadmor, which recently completed an IPO on the Tel Aviv Stock Exchange with a pre-money valuation of NIS 6.5 billion, is divesting from EcoWall as it is not part of its core business. Ackerstein, managed by Amit Lang, is active in building materials, environmental development, and industrialized construction. This acquisition complements its existing operations and is financed from internal resources. It is the second acquisition by Ackerstein in less than two weeks, reflecting a strategic focus on expanding through technology-driven companies with growth potential.

The Ackerstein Group, controlled by the Ackerstein family, celebrated its centennial last year and operates six production sites in Israel and the U.S. It employs about 600 workers and produces a wide range of concrete products for environmental development, infrastructure, and real estate. The company is publicly traded on the Tel Aviv Stock Exchange with a market value of approximately NIS 2.5 billion, with the Ackerstein family holding about 67.5% ownership.