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Mexican company to buy 80% of Israeli irrigation leader
Mexican group Mexichem is to buy 80 percent of Israel's world-leading micro-irrigation firm Netafim for $1.5 billion, the Israeli company announced on Monday.Netafim, created in 1965, specializes in water-saving "smart drip" and micro-irrigation systems for agriculture. It is active in 30 countries, owns 17 production plants, employs 4,300 people and sells its products in more than 100 countries. Its turnover last year was $855 million. Mexichem, which specialises in plastics, chemicals and petrochemicals, had a turnover last year of $5.4 billion. Posted by: g(r)omgoru 2017-08-08 |
| http://www.rantburg.com/poparticle.php?ID=494532 |