February 16, 2009

Wissotzky Tea in Talks to Buy Beigel and Beigel

Tel Aviv…Globes reports that Wissotzky Tea is in talks to acquire Unilever Israel’s 51% stake in Beigel and Beigel Foods. The Beigel family owns the rest of the salted snacks maker. Israel’s leading business publication reports that Unilever Israel wants to quit the savory snacks business. The Beigel family has no plans to sell its stake in the family business, and it has first refusal rights to any sale by Unilever Israel. Unilever Israel says that it wants to simplify its organization and focus on its core businesses where it has substantial market share. Wissotzky Tea has a sales turnover of $55 million a year.