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Osnat Golan
Osnat Golan
VP Corp Communications, Digital, Sustainability & Spokesperson
+972-36752281 Send mail to Osnat Golan
Gil Messing
Gil Messing
Dir. External Communications & Government Relations
+972-3-6756713 Send mail to Gil Messing
Anat Lev-Confortes
Anat Lev-Confortes
Public Relations Manager
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Knesset Chairman Award  to the Jasmine nonprofit organization, headed by Ofra Strauss
04/01/2017

Knesset Chairman Award to the Jasmine nonprofit organization, headed by Ofra Strauss

Last week, the Knesset Chairman Award was presented to Jasmine, a not-for-profit organization headed by Ofra Strauss. The award was presented to Jasmine CEO and founder, Ms. Kiram Baloum, for the nonprofit's activities to advance the creation of a society of respect, patience and tolerance. Jasmine was established in 2006 with the goal of working to advance women small and medium business owners across all sectors of Israeli society, and for women's inclusion in senior executive positions in the Israeli economy. At the last Jasmine Conference, which was attended by a diverse cross-section of women owners of small and medium businesses, the information presented on women's participation in the Israeli business world gave rise to concern: in 2016, only 4% of small and medium businesses in Israel were exclusively owned by women. Jasmine Chair, Ms. Ofra Strauss: "Small and medium businesses account for over 98% of businesses in Israel and employ over 50% of employees in the business sector, but despite their centrality in the economy, their path to success is rife with challenges and barriers. In the case of women-owned businesses the difficulties are far greater, and they without a doubt constitute untapped potential that will enable women to play an active part in the Israeli economy. Consequently, I believe that an economy is measured in how it treats small and medium businesses that are owned by women, because here it integrates two key elements in the economy. Countries that have succeeded in bolstering these businesses and determining regular procurement from them have shown a significant improvement in metrics." Receipt of the Knesset Chairman Award represents a milestone in the great volume of activity undertaken by Jasmine with the aim of helping to further women from all sectors in filling senior positions in the Israeli economy, and to encourage women who aspire to be independent and start a business of their own. Kiram Baloum, Jasmine's CEO and founder, said at the award ceremony: "Jasmine proves, in practical terms, the great advantage inherent in the model of combining forces, of cooperation between Jews and Arabs, of the possibility of excelling and being a leader, even in the periphery. Cooperation and shared effort are, in themselves, a powerful, efficient lever and growth driver. Collaborations strengthen not only the economic foundations of the business, but also nurture, empower and better the human capital, or, in plain simple Hebrew, people. They establish a base for building a business model that strengthens women and the economy alike. It attests to the strength, essentiality and considerable impact of women on society and on the economy".
Strauss Group acquires NDKW coffee plant
22/12/2016

Strauss Group acquires NDKW coffee plant

This morning, Strauss Group announced its decision to exercise the option to acquire Norddeutsche Kaffeewerke GmbH (NDKW), manufacturers of freeze-dried instant coffee using the world's most advanced technology. Strauss Coffee will be acquiring the German freeze-dried instant coffee plant which it has leased since 2012. NDKW has mainly served Strauss Coffee in the manufacture of products for the Strauss Coffee subsidiaries in Russia and the CIS countries. Exercise of the option is not expected to impact the existing production operations. According to the lease agreement with the owners of the German company, the exercise price of the option is €32.1 million plus a waiver of the outstanding balance of a loan amounting to €17.9 million. Strauss estimates that no further investment in the plant will be required in the near future, and the transaction will be funded by Strauss Coffee's own resources.   Tomer Harpaz, Strauss Coffee CEO: "The acquisition is another step in the implementation of Strauss Coffee's strategy to promote the global coffee culture and bring consumers the most sophisticated coffee products available. The production site we are acquiring is the hi-tech of the coffee world and includes the cutting-edge micro-grinding technology, which enables us to manufacture a super-premium instant coffee product. The acquisition places Strauss in the very small, exclusive group of manufacturers possessing production sites and technologies of this kind. "The most recent product launched in Israel, Intense instant coffee, was manufactured at the NDKW plant using this technology." As mentioned, in 2012 Strauss Coffee closed an agreement with Norddeutsche Kaffeewerke GmbH, located near the city of Hamburg, for the production of freeze-dried instant coffee by Strauss Coffee's technologists and production workers. Production requires specialization in advanced production processes and a considerable financial investment. After the acquisition, the German plant will be exclusively owned by Strauss Coffee.   About Strauss Coffee  Strauss Coffee is a global coffee company, one of the five leading companies of its kind in the world (in terms of green coffee procurement, according to Euromonitor), with annual sales of over one billion dollars. The company has built and invested in local coffee brands, which are leaders in various markets including Brazil, Poland, Romania, Serbia, Russia, Ukraine and Israel. The company operates 14 production sites worldwide and employs around 7,500 people. Strauss Coffee is committed to promoting the coffee culture among a steadily growing consumer public all over the world who share a passion for coffee. In 2015 the company achieved a sales turnover of NIS 3.4 billion. In the first nine months of 2016 the sales turnover amounted to NIS 2.6 million.    
Strauss Group signed an agreement for the acquisition of Strauss Water
29/11/2016

Strauss Group signed an agreement for the acquisition of Strauss Water

Strauss Group today signed an agreement with the non-controlling interest shareholders for the acquisition of full ownership of the subsidiary Strauss Water. According to the agreement, Strauss Group is to acquire all shares of Strauss Water held by the minority shareholders, which constitute 12.44% of Strauss Water's issued and paid-up share capital. Strauss is to pay USD 28 per share. In total, the Group will be paying the minority shareholders approximately NIS 66 million. The consideration will be paid in cash from the Company's own resources on the closing date. Gadi Lesin, Strauss Group President and CEO, said today: "Strauss Water continues to be one of the Group's global growth drivers. The Group's investment today is part of our long-term strategy, which aims to continue to develop the category, as well as a reiteration of the Group's great belief in Strauss Water and its ability to continue to grow. Full ownership will enable the Group to fully exploit future business and operational synergies between Strauss Water and the rest of the Group. We would like to thank the partners, who were the heart of the company's growth and success."   About Strauss Water Strauss Water is an international subsidiary of Strauss Group, specializing in high quality, great tasting purified drinking water solutions. The company develops, manufactures, and markets environmentally friendly water bars dispensing hot, cold and carbonated water for home and office use, on the highest of world standards. Strauss Water is the outcome of Strauss Group's investment in the H2Q technology venture (2007), in which framework Strauss entered into a partnership with private entrepreneurs founded on water purification technologies, and the subsequent acquisition of Tana Industries, owners of the Tami4 brand (2009). The company's products are sold abroad through business collaborations and local franchisees. In 2011 Strauss Water established local partnerships with the Chinese consumer electronics giant, Haier, and with the British Virgin Group. Over the years the company developed four product series based on its water purification technology, providing hot and cold drinking water, and in 2013, the company expanded into carbonated water. In 2015 Strauss Water's sales totaled NIS 482 million. In the first nine months of 2016 sales amounted to NIS 371 million, and in the third quarter of the year sales totaled NIS 133 million (8.6% growth). Since 2009, the company's sales have grown by an average of 9% each year.