Mexichem to buy 80% of Israel's Netafim for $1.5 billion

Mexichem agreed to buy 80% of drip irrigation maker Netafim for $1.5 billion, valuing the company at $1.9 billion, with Permira selling its 61.3% stake and Kibbutz Hatzerim and Kibbutz Magal also selling shares.

“Altogether Mexichem is buying 80% of Netafim, the world's biggest manufacturer of drip irrigation systems, for $1.5 billion, a deal that values the company at $1.9 billion.”haaretz.com

• 1 source
• haaretz.comIsraeli Icon Netafim, World's Leader in Drip Irrigation Tech, Sold to Mexican Firm for $1.5 Billion - Israel NewsAug 7, 2017

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