Inrom to take control of Alumlight Production for almost NIS 200m
Categories: Corporate and M&A
Inrom has agreed to buy the controlling stake of Alumlight Production through its subsidiary, Ytong Ltd. for approximately NIS 192.5 million.
The acquisition marks another significant step in the implementation of the Inrom Group’s strategic plan to deepen and expand its activities in the construction markets.
Inrom Construction Industries Ltd. One of the largest and leading industrial groups in Israel in the field of products and solutions for the construction industry.
Alumlight is one of Israel’s leading concrete form engineering companies.
Following the completion of the transaction, Ytong will hold 55% of Alumlight’s shares.
Shibolet advised Inrom on the transaction, with the team comprising Adi Zaltzman, Inbar Eitan Goldstein, Keren Maimon -Sandler, Inbal Puny, Dana Rosen Asadon, and Noa Kovensky.
