Osem Seeks Growth Abroad as Home Market Cooling: Israel Markets
This article is for subscribers only.
Israeli foodmaker Osem Investments Ltd., whose sales have risen for 21 consecutive years since its Tel Aviv listing, is looking to boost international operations as regulation and rising prices curb growth at home.
A new international division to open in February will focus on expanding sales of meatless items, prepared salads and kosher food in Europe and the U.S., Chairman Dan Propper said in an interview last week at the company’s headquarters near Shoham, Israel. Switzerland’s Nestle SA has been a partner since the 1990s, and now has a 63.7 percent stake.