Lageen Food Packaging Overview
Lageen Food Packaging provides its customers with advanced packaging solutions. The company produces a variety of tin cans for Israeli food manufacturers, including cans for preserved food, coffee, and paint. Lageen also markets bottles for olive oil. The company is committed to sustainability in accordance with international quality requirements, and many of the materials used in its various divisions are recyclable. Lageen Food Packaging is a subsidiary of Lageen.
Latest News
growth-positive
Bulgaria's LS Tubes plans to open new production line by end-2017
LS Tubes, a Bulgarian-registered packaging products manufacturer, plans to open a new production line for flexible plastic tubes by the end of the year. The automated production line will have a capacity of 130 tubes per minute and will be installed in the companys manufacturing plant in Gabrovo, Bulgaria. LS Tubes plans to invest 10 million levs ($5.9 million / 5.11 million euro) in machinery and equipment for its operations in Bulgaria, as well as in training highly qualified workers in Israel. The investment is expected to create more than 70 jobs. LS Tubes is jointly owned by STS Pack Holding and Lageen Tuboplast.
InvestmentExpand
growth-positive
Bronfman Fisher group buys Kibbutz Yagur production line
Palace Industries, a subsidiary of Isralom Properties Ltd., has acquired the food packaging production business of Lageen Ltd. for NIS 17 million. The agreement includes the purchase of inventory and equipment. Palace Industries will pay NIS 2.5 million upfront and the remaining balance in installments. The company recently raised NIS 35 million in bonds. Palace Industries is traded at a market cap of NIS 58 million and posted a profit of NIS 1.2 million in January-September 2010.
Acquisition
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 0 |
| Investors | 0 |
Team Members
1
Employees: 51-200
Web & Social Links
| Website | www.lageen.com |
Locations
Kibbutz Yagur, Israel
Photos & Videos
1 item(s)
Lageen Food Packaging Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
—Target Customer
—Core Technology
—Tags (3)
packaging-and-containersfood-industryfood-and-beverageGeographic Markets
GlobalLageen Food Packaging Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
0
Total rounds
0
Investors
Public Offering / Exit
MNAEvent
Jan 2011
$17M
Lageen Food Packaging Lifecycle
All Events
MNAEvent
Jan 2011
$17M
Lageen Food Packaging News
2 articles
growth-positive
Bulgaria's LS Tubes plans to open new production line by end-2017
LS Tubes, a Bulgarian-registered packaging products manufacturer, plans to open a new production line for flexible plastic tubes by the end of the year. The automated production line will have a capacity of 130 tubes per minute and will be installed in the companys manufacturing plant in Gabrovo, Bulgaria. LS Tubes plans to invest 10 million levs ($5.9 million / 5.11 million euro) in machinery and equipment for its operations in Bulgaria, as well as in training highly qualified workers in Israel. The investment is expected to create more than 70 jobs. LS Tubes is jointly owned by STS Pack Holding and Lageen Tuboplast.
InvestmentExpand
growth-positive
Bronfman Fisher group buys Kibbutz Yagur production line
Palace Industries, a subsidiary of Isralom Properties Ltd., has acquired the food packaging production business of Lageen Ltd. for NIS 17 million. The agreement includes the purchase of inventory and equipment. Palace Industries will pay NIS 2.5 million upfront and the remaining balance in installments. The company recently raised NIS 35 million in bonds. Palace Industries is traded at a market cap of NIS 58 million and posted a profit of NIS 1.2 million in January-September 2010.
Acquisition
Lageen Food Packaging Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 51 |
| Team members | 1 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
Lageen Food Packaging Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 88/100 |
| Missing | funding rounds, markets, external profiles, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 510387657 |
| Crunchbase | lageen-food-packaging |
| Creator | Alyssa Williams |
| Creator email | williamsar95@gmail.com |
| Last updater | Orli Wollner |
| Updater email | orlushka@gmail.com |
| Last update | 2020-11-09T00:00:00.000Z |
| Created | 2015-07-07T00:00:00.000Z |
| Hidden | The company is not innovative (visible: 0) |
| Status detail | Acquired by Palace Industries on Jan, 2011 |