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

When was Eshbal Functional Food acquired?

Eshbal Functional Food was acquired by Cannibble FoodTech in November 2022.

What was a key development for Eshbal Functional Food in April 2025?

In April 2025, Eshbal Functional Food was involved in a Reverse Merger Event, with its shares listed on the TSXV stock exchange.

What type of products does Eshbal Functional Food specialize in?

Eshbal Functional Food specializes in nutraceuticals, medicinal foods, sugar-free and gluten-free products, syrups, and dry mixes, focusing on functional food ingredients.

What was the nature of the agreement between Cannibble and Eshbal Functional Food in November 2022?

In November 2022, Cannibble signed a definitive agreement to acquire Eshbal Functional Food, an Israeli gluten-free food tech manufacturer.

What was the purpose of the Letter of Intent announced in August 2022?

In August 2022, Cannibble announced a Letter of Intent for the acquisition of Eshbal Functional Food, an Israeli food tech manufacturer, preceding the definitive agreement.