Inspire Technologies, announced on Sunday that it acquired 50 percent of DPL Disposable Products Industries for NIS 18.75 million.
Under terms of the deal, Inspire, which is 44%-owned by Avi Wertheim, would appoint a chairman and half the company's board of directors, once the acquisition is completed.
DPL, which develops, manufactures and markets wet-wipes and hygiene products is controlled by three siblings: Eynav Beber, and Yaron and Eran Adiv, who will hold the other 50% of the company.
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