Israeli Business website Calcalist reports that Keter Plastic’s owner Sami Sagol, agreed to sell 80 percent of the company to European private equity BC Partners. US buyout fund Carlyle and CVC also submited binding offers.
The deal with outdoor furniture maker values Keter at $1.7 billion, Israeli media reported.
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Keter plastic operates 29 plants in Israel, Europe and the United States.
The compny employs around 1, 400 workers in Israel. specializes in resin-based storage solutions, do-it-yourself products and household goods, including plastic garden sheds and bathroom cabinets. It
READ MORE: BC Partners
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