Tene Fund to Buy Controlling Stake in Industrial Valves and Actuators Company Habonim
Founded in 1949, Habonim manufactures valves and actuators for the chemical, oil, and gas industries
Founded in 1949 and based in Kfar HaNassi, a kibbutz in northern Israel, Habonim manufactures valves and actuators for the chemical, oil, and gas industries. Its sales are estimated at NIS 100 million to NIS 150 million (approximately $28.3 million to $42.5 million) a year, most of them to companies outside of Israel.
For the acquisition, Tene will use its fourth fund, which closed $410 million in commitments in September 2017 to invest in exporting companies. This is Tene's third deal for its fourth fund.