A new factory near Sderot will employ dozens of workers
Top Gam will establish a new plant near the city of Sderot. The plant will cover an area of about 11,000 square meters and about NIS 90 million will be invested in it. The new complex will join the company's existing production plant in the city. It is expected to start operating in 2023. The company's production and provide employment to dozens of workers in the south
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03/01/2022
Monday, 03 January 2022, 15:01 Updated: 15:24
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For the first time in a decade, a new plant will be established near the city of Sderot - the Israeli company Top Gam, a major player in the market for nutritional supplements in the form of gummy candies, announced that it has signed a 20-year lease agreement for an area of 11,000 square meters (5,300 square meters). R. built) in the Sapirim Industrial Park.
The company is designating the area for the construction of a new plant, in addition to the company's existing plant in Sderot. The new plant is expected to start operating in the second half of 2023 and increase the company's production capacity threefold, thus meeting the expected demand forecasts from the company's international customers in the coming years.
The announcement follows the company's announcements in recent months of purchasing advanced production equipment from leading international companies and intends to continue investing in manufacturing and packaging infrastructure and automation systems, which will enable it to maintain technological leadership and improve production efficiency, thus strengthening its competitive advantage in international markets.
The plant is designed to be built in accordance with stringent standards, including assemblies that meet a regulatory standard that meets the requirements of the pharma industry.
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Top Gam's new plant is expected to employ dozens of workers in the south of the country (Photo: PR)
"Establishing the plant is an important value statement"
The plant, whose investment cost is estimated at NIS 90 million, will provide work for dozens of new employees, who will join about 100 existing employees at the company's plant and the company's logistics center in Sderot.
Roy Lusternik, director and owner of Top Gam
, who negotiated the lease agreement on behalf of the company: "Top Gam has taken an important step in completing the milestone for which we went public in 2021. The company is working intensively to establish the new production plant near Sderot, with the intention of starting operations In the second half of 2023. The establishment of the plant is an important value statement for me. Like my father, the late Dov Lusternik who was one of the founders of the company, so too for me and the company's management team, it is important to continue to strengthen ties with Sderot and the Negev. of the company".
The new Top Gam factory near Sderot will operate from 2023 (Photo: PR)
"The new plant will triple production capacity"
Amichai Bar-Nir, CEO of Top Gam
: "The new plant is expected to triple the company's production capacity, and will enable it to meet the forecasts and demands arising, among other things, from long-term agreements signed (and those in process) with leading global food and food supplements companies. .
The new plant will allow the company to develop groundbreaking innovative products combined with our unique form of waiting, for unique segments subject to stringent regulatory standards. "
Top Gam will set up a new factory near Sderot (Photo: PR)
Top Gam is jointly owned by the company's founder and president Chai Hayun, Roy Lusternick, and the AP Partners fund, which invested in the company in 2020 in co-investing in the company together with Discount Capital and Arkin Investments.
AP Partners Fund is an active private equity fund established in 2018 and focused on small and medium-sized companies with high growth potential in international markets.
Top-Gam's CEO is Amichai Bar-Nir, and the company's active chairman is Hagai Stedler, a founding partner in the AP Partners fund.
In 2021, the company went public, raising about NIS 100 million, in an offering that is considered one of the most successful in 2021. The company employs more than 100 people.
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