May 18, 2009

Tnuva Continues Push into Poultry

Tel Aviv…Tnuva and poultry? Israel’s largest dairy is pushing steadily into poultry.
According to ''Globes'' Tnuva and Ambar’s joint subsidiary, IT Group, is in talks to acquire poultry processor Hod Hefer at a company value of $7.5 million. The likely deal is part of the strategy by Tnuva's owners, Apax Partners and Mivtach Shamir Holdings to diversify the company's business, while shutting down unprofitable activities, such as its eggs and fish businesses.