Eshbal Functional Food

Company Overview

Snapshot

Founded in January 1940, Eshbal Functional Food operates with 11–50 employees. The company was acquired by Cannibble FoodTech in November 2022, marking a significant corporate milestone.

Business overview

Eshbal Functional Food is an Israeli manufacturer specializing in functional food ingredients that extend beyond nutritional value. The company develops and produces nutraceuticals, medicinal foods, sugar-free and gluten-free products, syrups, and dry mixes. With capabilities spanning powder and cereal mixing, syrup preparation, and gluten-free baking and packaging, Eshbal serves retail brands, private labels, and B2B clients in the global food industry, focusing on the Agriculture & Food Technologies sector.

Strategic signal

In November 2022, Eshbal Functional Food was acquired by Cannibble FoodTech, following a letter of intent announced in August 2022. This acquisition highlights a strategic consolidation within the food tech industry, signaling Cannibble FoodTech's expansion into the gluten-free and functional food market and Eshbal's transition under new ownership to potentially scale its specialty food solutions.

Company Intelligence Q&A

What was a significant recent corporate development for Eshbal Functional Food?

In November 2022, Eshbal Functional Food was acquired by Cannibble FoodTech, an Israeli gluten-free food tech manufacturer.

When did Eshbal Functional Food report its first quarter results in 2025?

Eshbal Functional Food reported its results for the first quarter of 2025 in June 2025.

What was the nature of the transaction involving Hakken Capital Corp in April 2025?

In April 2025, Eshbal Functional Food was involved in a reverse merger event with Hakken Capital Corp, with its shares listed on the TSXV stock exchange.

What type of funding event occurred in January 2026?

In January 2026, Eshbal Functional Food had a PIPE (Private Investment in Public Equity) funding round.

What was the initial step towards the acquisition of Eshbal Functional Food?

In August 2022, Cannibble announced a Letter of Intent (LOI) for the acquisition of Eshbal Functional Food.