Mexican group purchased 80% of Israel’s world-leading micro-irrigation firm, active in 30 countries, with a $855 million turnover in 2016
• Following PM Netanyahu’s recent visit to Africa, Netafim expected to expand into a dozen African markets.
By Zeev Klein & AFP
Mexican group Mexichem is to buy 80% of Israel’s world-leading micro-irrigation firm Netafim for $1.5 billion, the Israeli company announced on Monday.
Button dripper – Photo: Borisshin/Wikimedia
Founded in 1965, Netafim specializes in water-saving “smart drip” and micro-irrigation systems for agriculture. Netafim is active in 30 countries, owns 17 production plants, employs 4,300 people, and sells its products in more than 100 countries. Continue Reading »