Gad Dairies raised NIS 280 million at a pre-money valuation of NIS 725 million in an IPO on the Tel Aviv Inventory Trade yesterday. Demand for the providing amounted to NIS 900 million.
The corporate will use many of the proceeds of the providing to finance the switch of its operations from Bat Yam to a brand new web site within the Timorim industrial zone close to Kiryat Malachi. The rest will go to the controlling shareholders.
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Gad Dairies plans IPO at NIS 725m valuation
Gad Dairies is at present collectively managed (50%-50%) by its founder Ezra Cohen and Richard Hunter’s funding agency Inexperienced Lantern, through which Low cost Capital has a 15% stake and Migdal Insurance coverage a 24.5% stake. Cohen stays the most important single shareholder within the firm, with a holding of 39%, whereas Inexperienced Lantern holds 31% and the general public 30%. For Inexperienced Lantern, the IPO represents a big exit, because it purchased its shares in Gad Dairies from Cohen a decade in the past at a valuation of NIS 200 million.
Cohen based Gad Dairies in 1992. The corporate produces and sells cheeses within the native market and within the US. Through the years it has constantly expanded its market share in Israel, reaching 6% within the first quarter this yr, double what it was a decade in the past. The corporate, managed by Amir Aharon, had income of NIS 166 million within the first quarter of this yr, 9% greater than within the corresponding quarter of 2024. Internet revenue shot up by 78% year-on-year to NIS 10.2 million.
The brand new web site at Timorim, which can embody a logistics heart, shall be unfold over 22 dunams (5.5 acres), and may have double the manufacturing capability of the Bat Yam web site. The funding within the new web site is estimated at NIS 180-200 million. The corporate estimates that the transfer will add NIS 13-17 million to its annual revenue.
Final month, Gad Dairies agreed to purchase management (51%) of Wyler Farm for NIS 46 million. The acquisition of Wyler Farm, which produces tofu and is a developer of vegetable-based milk product alternate options, is meant to help Gad Dairies’ strategic plan to compete with Strauss and Tnuva on this discipline. The corporate intends to launch its new model, “Really feel Gad” this yr.
Printed by Globes, Israel enterprise information – en.globes.co.il – on September 8, 2025.
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