We are proud to announce the acquisition of Photex Molds, a market leader in Israel specializing in advanced plastic solutions for the electrical industry. Photex is renowned for producing and marketing boxes, pipes, covers, and unique products that enhance electricians’ work efficiency. As part of the Plas-Fit family, Photex will continue to operate and grow.
This strategic move underscores Plas-Fit’s ongoing growth in diverse markets. Following the successful acquisition of Tavlit, a leader in irrigation and filtration solutions, we are now entering the electrical industry with the addition of Photex, a key player in this field.
Kobi Friedrich, CEO of Plas-Fit Group:
“The merger with Photex allows us to enter a new market and expand the range of solutions we offer. Both companies share a deep connection to the field and a focus on creating solutions based on the needs of end users, making this partnership a natural fit. Together, with our innovation lab and Photex’s expertise, we will continue to develop groundbreaking products that will serve the market and drive significant breakthroughs.”
Tzadok Reuveni and Aviad Reuveni, Managers of Photex:
“Our customers will benefit from the connection to Plas-Fit, an expanded product portfolio, and the combined experience of both companies. Our management team will continue to lead the operations, ensuring the same high-quality service and standards our customers are accustomed to.”
Gilead Halevy, managing partner of Kedma Capital, an investor in Plas-Fit:
“Plas-Fit strikes a unique balance between preserving the values and stability of the brands it acquires and introducing innovation and out-of-the-box thinking. This DNA drives the group’s continuous growth and challenges conventional approaches in markets previously considered static.”
The acquisition of Photex marks another milestone in Plas-Fit’s journey, combining tradition and innovation while striving to provide the best solutions for our customers.
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