Green Lantern Foundation acquires Ma'adanei Yehiam for NIS 165 million

• Published date: 20 March 2024
• Author: LEE SIVILIA
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

The Commissioner for Competition at the Competition Authority of the State of Israel, Ms. Michal Cohen, approved the merger between the two, and this after the plant was owned by Kibbutz Yehiam for over 50 years

Green Lantern's share in the investment is carried out through a focused fund for investments in the food sector that was recently raised, this after several investments made by the Green Lantern team in the food sector. Ma'edani Yehiam was established in 1969 in Kibbutz Yehiam in the Western Galilee.

The company is a manufacturer, marketer and seller in Israel and overseas of pastrami, salami and kosher sausages. From its founding until today, the company has developed and grown while maintaining full ownership of Kibbutz Yachiam.

The distribution of Ma'adani Yachiam's products is done using the 'free-sal' method - orders and deliveries from one day to the next in all sales channels - national, regional chains, various sectors, institutional market, private customers, IDF bases, from Metula to Eilat, in an independent logistics and distribution system and within Adherence to standards and service.

In order to maintain independence from the kibbutz, at the same time as controlling the decisions and results, an administrative separation was made as early as 1993 between the kibbutz that established the plant and instilled in it traditions and values of work, belonging and commitment and the continuously and unexpectedly changing market - the consumers and customers. To ensure independence and independence, a separate board of directors was established for the company, with an external chairman and professional directors in charge at all times.The goals were and still are: customer satisfaction, welfare and livelihood for the employees, profit for the growth of the company and their welfare, the safety of the founders and members of Kibbutz Yachiam.

From the 1980s the company steadily developed the export markets and as of today over 20% of the company's products are exported by sea to kosher and strictly kosher markets in the USA under the Hod Golan brand and through the logistics and distribution system of the Bagel-Bates company. In Europe - France, England, Italy and Hungary in various brands, including - La Grange, a premium brand owned by Ma'adanei Yehiam, in the kosher market in France.

In 2012, Ma'adi...