Ackerstein Group Expands Building Cladding Business by Acquiring EcoWall Control
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 7 hours ago
What happened
The Ackerstein Group is acquiring an 85% stake in EcoWall, a building cladding company, for 47 million shekels to expand its construction product range. EcoWall, founded in 2020, specializes in granite porcelain cladding with six patents and a large manufacturing capacity. The deal is subject to regulatory approval and will integrate EcoWall into Ackerstein's financials, with EcoWall's CEO retaining a 15% stake and management role.
- 01Ackerstein Group buys 85% of EcoWall for about 47 million shekels in cash.
- 02EcoWall specializes in granite porcelain cladding with six registered patents.
- 03EcoWall operates a plant in Barkan with 650,000 square meters annual capacity.
- 04Deal includes option for Ackerstein to increase its stake later.
- 05EcoWall CEO Ariel Pokotinsky keeps 15% stake and management role.
- 06Ackerstein aims to expand beyond concrete into building finishing products.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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