The company reported a record year in group sales at NIS 6.85bn, up 7.5%,
President and CEO of Strauss Group, Gadi Lesin, said: “Strauss Group will continue its global expansion journey, entering new markets and countries with high-growth potential, and expanding its portfolio of businesses.
“The Group will make further investments in future growth drivers – fresh foods, Strauss Water and Strauss Coffee – while enhancing its leadership position at the Israeli home base.”
In the fourth quarter, Strauss Water’s sales totalled NIS 103m compared to NIS 78m in the corresponding period last year, an increase of over 32%.
During the quarter, the Group announced a new partnership agreement with Haier Group, the Chinese consumer electronic appliances giant, to establish a joint venture in home water solutions in China.
The venture is jointly owned by Strauss Water (50%) and Haier Consumer Goods (50%) and will be established with an initial investment of $20m.
Source: Strauss Group
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