Israel’s Tiv Ta’am enters Asian food market with “East & West” acquisition
Tiv Ta’am, a prominent Israeli retail chain specialising in non-kosher food, is entering the Asian cuisine market through its subsidiary, Israco.
The group will acquire 100% of East & West, an Israeli company that imports and distributes Asian food products, for approximately NIS 121 million (USD 34 million).
East & West, based in Modi’in, serves nearly 2,000 institutional clients, including restaurants, hotels, catering companies, and retail chains, and generates annual sales of NIS 235 million.
The acquisition will take place in two phases: Israco will initially purchase 60% of East & West’s shares, with the remaining 40% transferred upon meeting regulatory approvals, including clearance from the Competition Commissioner.
Epstein Rosenblum Maoz (ERM) advised “East & West”, with the transaction led by partner and head of the firm’s Corporate, M&A, & Private Equity department, Nimrod Rosenblum, with the support of associate, Errel Peli.
Steinmetz, Haring, Gurman & Co. represented the buyer.
