Articles > Business magazines > International magazines > Israel Business Today articles > July 1993

Article: Elite eats Eastern Europe. (Elite Industries Ltd. to buy Eastern European confectionery factory)

Article from:
Israel Business Today
Article date:
July 2, 1993
Copyright

Elite Industries Ltd is about to conclude a deal to buy a confectionery factory in Eastern Europe. Strauss Marketing Ltd and two foreign companies, one from Britain, will be partners in the deal. The cost of the purchase is estimated at $35-40 million.

The East European factory is government-owned and has an annual turnover of $70 million. The contract is expected to be signed in July. The factory's purchasers ...

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