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Will you save the factory? The Aerospace Industry is interested in purchasing the "Lahavim" factory - voila! news


Along with IAI, three other companies intend to submit a purchase offer to the parent company "Pratt & Winty" - Fortissimo Fund, China Investors Group and Fimi Fund. The purchase of the plant and the provision of work for its 960 employees will allow the continuation of the contract for the purchase of the plant's products by the Ministry of Defense worth 800 million dollars

In the video: the documentation of the successful trial of the "Barak" air defense system (photo: Israel Aerospace Industries)

The aviation industry is examining the programming for the purchase of the Lehavim technology plant in Nahariya, whose 960 employees are facing layoffs.

The government company, which develops and manufactures, among other things, aviation products and aircraft parts for other manufacturers and is considered the largest company in Israel in the field of aircraft and space - intends to submit a purchase offer to the American parent company of the "Pratt & Whitney" factory.

The purchase of the factory by a state-owned company is requested.

This, in light of the long-term contracts that the Ministry of Defense has with "Pratt & Whitney" for the purchase of other products of the company for an estimated amount of about 800 million dollars that may face the risk of cancellation, if the American company insists on closing the compressor blade factory in Nahariya.

Lahavim Tefan BTL Technology Factory (Photo: Haaretz, Gil Eliyahu)

Besides the aerospace industry, there are three other potential buyers for the company.

Fortissimo Fund, managed by Yuval Cohen, which is considered one of the most prominent private investment funds in Israel and manages assets worth 2.6 billion dollars.

It mainly invests in technology and industrial companies in Israel and abroad, and therefore the purchase of "Lahavim Technology" fits into the core of its business. Another group of investors from China, represented by the former Minister of Industry, Shalom Simhon, is also interested in purchasing the plant, but it is doubtful whether the State of Israel would have an interest in selling the military knowledge to a Chinese entity.

For those who have past experience in business with "Pratt & Whitney", and purchased two factories that it previously owned, it is the Fimi Foundation, the largest investment fund in Israel. It was founded in 1996 by Yishai Davidi, manages seven billion dollars and has invested in about a hundred companies So far.

Fimi is the one who created "Minoi Beit Shemesh", which was owned by a subsidiary of "Pratt & Whitney", on the brink of collapse, created it - and in 2018 purchased the failed "Carmel Forgings" from it and merged it with "Minoi Beit Shemesh".

The activity of Lahabim Technology complements the activity of the Fimi Foundation in the field of aircraft engines, and therefore Lilach Topolinsky, a partner in the foundation, conducts vigorous negotiations to promote the move.

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Source: walla

All news articles on 2022-12-14

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