# Tambour acquires full ownership of Geves Gesher for $5.5 million

Tambour Ltd, a subsidiary of Kusto Group, finalized the acquisition of Israeli plaster manufacturer Geves Gesher Ltd. in March 2019 for $5.5 million. Tambour had previously acquired 51% ownership in 2006 for $1 million, and the remaining 49% for $4.5 million in 2019.

- Type: Acquisition
- Announced: 2019-03-01
- Where: Kibbutz Gesher, Israel
- Value: $5.50M
- Status: completed
- Products: gypsum-based plaster products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Tambour](https://endata.com/companies/38569.md) (acquirer)
- [Kusto Group](https://endata.com/companies/38570.md) (investor)
- [Geves Gesher](https://endata.com/companies/38571.md) (target)

## Sources

- [israelnationalnews.com](https://www.israelnationalnews.com/news/261479), 2019-04-07: "Tambour Ltd, a subsidiary of Yerkin Tatishev’s Singaporean holding company, Kusto Group, finalized its acquisition of Israeli plaster manufacturer, Geves Gesher Ltd. in March 2019 for US 5,5 million dollars."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.