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Kibbutz-based valve makers A.R.I. and Dorot, plus OCV of Oklahoma, were merged into Aquestia, owned 51% by MAT Holdings and 49% by Kibbutz Kfar Haruv. The deal was worth about $100 million in a stock exchange structure and was completed in June 2022.
MAT Holding will invest 3 million euros in its Israeli subsidiary Dorot to raise production capacity by 30%, modernising the plant, expanding finished-goods storage by over 50% and upgrading the test bench.
