# Kafrit Group to acquire 51% stake in Plastics App

Kafrit Group, a global masterbatch and compounds leader, signed an agreement to acquire 51% of Plastics App, an Israeli compounding innovation lab. The deal aims to expand Kafrit's technological expertise and Plastics App's customer base.

- Type: Acquisition
- Announced: 2024-09-01
- Where: Megiddo, Israel, Israel
- Status: announced
- Products: masterbatches, compounds, compounding services
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Kafrit](https://endata.com/companies/76008.md) (acquirer)
- [Plastics App](https://endata.com/companies/81354.md) (target)

## Sources

- [plastics-app.com](https://plastics-app.com/an-exciting-new-strategic-partnership-between-kafrit-group-and-plastics-app/), 2024-11-27: "According to agreement, kafrit will acquire 51% of Plastics App shares, and Dr. Yanir Shaked, the founder and living spirit of the company will continue to lead the company as CEO & Chief R&D."

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