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DJ Osem Buys UK Food Co Yarden GB For GBP1.9 Mln


by Sara Toth - 03/08/2009

DJ Osem Buys UK Food Co Yarden GB For GBP1.9 Mln

"Osem Investments Ltd. (OSEM.TV) said Sunday that it has purchased the UK food distributor Yarden GB for 1.9 million British pounds."

Osem said it will also pay Yarden for its inventory, which is still being calculated. Osem will operate Yarden, which distributes kosher food, through its UK subsidiary Osem UK.

The Swiss foodmaker Nestle (NESN.VX) owns 53.8% of Osem, which manufactures and sells packaged food products in Israel and and abroad. At 0730 GMT, shares of Osem were up 1.19 shekels, or 2.61%, at ILS46.78 ($12.31), in a higher Tel Aviv market.

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More Details: http://www.individual.com/story.php?story=104712182