Galam
Specialty Ingredients for the Food and Non-food Industries
Company Overview
Snapshot
Founded in April 1940, Galam operates with 51–200 employees. The company was acquired by FIMI Opportunity Funds in January 2017.
Business overview
Galam specializes in providing high-quality specialty ingredients across the food, beverage, industrial, and animal feed sectors globally. Its product portfolio includes sweeteners, starches, and nutritional ingredients for food applications, alongside various starches for construction, paper, textile, and adhesive industries. The company also produces animal feed from manufacturing byproducts, optimizing raw material utilization.
Strategic signal
In December 2023, FIMI fund announced the sale of 45% of Galam to institutional entities for 360 million shekels, valuing the company at 700 million shekels. FIMI remains the controlling shareholder with a 53% stake, signaling a strategic shift towards high-value foodtech markets and global expansion, with plans to fund new factories to support the rapid growth of Galam's foodtech division.
Log in to access full profile ›Company Intelligence Q&A
- What was the valuation of Galam during the December 2023 secondary round?
- In December 2023, Galam was valued at 700 million shekels when FIMI fund sold a 45% stake to institutional entities for 360 million shekels.
- What strategic investment did Galam make in January 2022?
- In January 2022, Galam invested US$30 million into a new production plant in Israel to meet the rising global demand for its prebiotic GOFOS, increasing its production capacity.
- What was Galam's investment in new production facilities in June 2020?
- In June 2020, Galam invested $20 million in building new production facilities in Israel and Barcelona to address the increasing global demand for prebiotic fibers, specifically short-chain fructo-oligosaccharides (sc-FOS) like its GOFOS product.
- When was Galam acquired and by whom?
- Galam was acquired by FIMI Opportunity Funds in January 2017. The acquisition was initially announced in October 2016 for NIS 290 million from Kibbutz Maanit and the Bereshit fund.
- What new products did Galam launch in January 2015?
- In January 2015, Galam launched two natural emulsion solutions: ViStar, a combination of native starch and gum designed to replace modified starch, and a specially processed chickpea flour that can serve as an egg replacement in bakery applications, both aligning with clean label demands.