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Diplomat to Raise NIS 250 Million in Bonds to Double Brand Sales
Diplomat Holdings, a leading Israeli consumer goods company, plans to raise NIS 250 million via bond issuance to fund a new logistics center and double its own brand sales by 2030. The company will also begin distributing Camel and Winston cigarettes in January, expecting NIS 440 million in annual revenue.
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What happened
- 01Diplomat Holdings plans to raise NIS 250 million through bond issuance.
- 02The company aims to double its own brand sales from 13% to 30% by 2030.
- 03Diplomat will begin distributing Camel and Winston cigarette brands in Israel in January.
- 04Funds will also support the construction of a new logistics center.
- 05Diplomat's headquarters will move to Ne'emi Park in 2028.
- 06The company is owned by the Weiman and Mandel families.
Diplomat is also relocating its headquarters to Ne'emi Park in 2028.
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