Gold Bond Acquires Shahem Guy Logistics Firm for 121 Million Shekels
Gold Bond, a logistics company controlled by the Shmelzer family and Shlomi Fogel, has signed an agreement to acquire Shahem Guy, a transportation and crane services provider, for 121 million shekels. The deal is expected to close in February, pending approval from the Israeli Antitrust Authority. Shahem Guy operates in freight transport, including oversized cargo, crane operations, and to a lesser extent, container storage and logistics. It has branches in Ramat Yishai, Ashdod, and Emek Sarah near Beersheba. Its clients include the Israeli Ministry of Defense, the Electric Company, Mekorot, contractors, and private entities. In 2025, Shahem Guy reported revenues of 80 million shekels and a profit of 15 million shekels, slightly up from 75 million shekels in revenue in 2024 with the same profit. The company is equally owned by Gabi Cohen, who also manages it, and the transportation firms Koter Movers and Netivim 91. Cohen will continue managing Shahem Guy under Gold Bond's ownership.
Gold Bond, led by CEO Amos Dayi, operates logistics services including container and freight terminals near the ports of Ashdod and Haifa, and a freight terminal in Beit Shean near the Jordan border. It also owns a fleet of trucks and a software house providing warehouse management services. The company holds a 20% stake in Israel Shipyards, jointly controlled by Shmelzer, Fogel, and Sami Katz. The Shmelzer and Fogel families each own 29% of Gold Bond, with the Borchard family, active in UK shipping, holding another 29%.
Gold Bond finished 2025 with revenues of 252 million shekels, a 30% increase from 2024, and a 26% rise in operating profit to 30 million shekels. Net profit attributable to shareholders remained stable at 31 million shekels. In Q1 2026, revenues grew 17% year-over-year to 68 million shekels, with net profit up 14% to 8.4 million shekels. CEO Dayi explained that the company has been growing organically but sees acquisitions as key to further expansion. He highlighted expected increased demand for Shahem Guy’s crane services due to growth in Israel’s solar energy sector, Electric Company infrastructure upgrades, and reconstruction efforts in northern and southern Israel.
Gold Bond’s market value stands at 830 million shekels. Its stock rose 29% from the start of the year to early June, reaching a market cap peak of 1.16 billion shekels, before falling back by a similar margin, while the TA-125 index declined only 5.5% in the same period.
