Solbar Food Technologies

Solbar Food Technologies Overview

Solbar Food Technologies is a leading Israeli industrial player in the soybean production and processing. Solbar is the largest soybean crusher and soybean-oil refiner in the country, with a significant market share of each market. The Company processes soybeans, supplying products to the following sectors: - Animal feed for livestock and poultry - Food products for humans, primarily and frozen products, along with chocolate, prepared salads, fried chicken and canned tuna Food products: Lecithin for baking - Refined soybean oil for different food uses Solbar Food Technologies manages two modern plant facilities: a soybean-crushing plant, located near the Ashdod port, and a soybean oil-refining plant, close to Ashkelon. Solbar Food Technologies is a recognized supplier, among the respected industry giants, such as Unilever, Nestl and StarKist. Solbar was acquired in 2011 by CHS Inc., USA (Nasdaq: CHSCP), a farmer-owned cooperative.

Latest News

Nov 15, 2011 · www.globes.co.il

growth-positive

"No chance that Solbar's Israeli plant will be closed"

Solbar Industries Ltd., a soy proteins and products maker, has been acquired by CHS Inc. for $133 million. The acquisition is seen as a growth-positive move for Solbar. The company had faced a crisis in 2007 but was brought back to life with capital injections from FIMI, Mivtach Shamir Holdings, and Frutarom Industries. The acquisition by CHS Inc. was surprising, as Solae Inc. was the largest US soy products company. Solbars decision not to be sold to Solae was influenced by the risk of plant closures. Shelach, the CEO of Solbar, believes that CHS Inc. will continue operating the plant and developing the company. The employees of Solbar have taken the news of the sale positively.

Acquisition

Funding

Team Members

2

Employees: 51-200

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Locations

HaHadarim St 2, Ashdod, Israel

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