Klil buys majority of Petach W&D

The acquisition will allow Klil to expand its activities in the premium and luxury market in Israel, which has an estimated yearly market value of NIS 150m.

By JERUSALEM POST STAFF
FROM LEFT: Klil CEO Fredy Aboukrat, Klil Chairman Tzuri Daboosh and Eli Gaz, Klil's oldest employee, celebrate the anniversary. (photo credit: MORAG BITAN)
FROM LEFT: Klil CEO Fredy Aboukrat, Klil Chairman Tzuri Daboosh and Eli Gaz, Klil's oldest employee, celebrate the anniversary.
(photo credit: MORAG BITAN)

Klil recently acquired 51% of Netanya-based Petach Windows & Doors for NIS 14 million, the companies said in a press release.

Petach W&D manufactures premium and luxury windows and shading products. It also has the exclusive franchise to distribute luxury systems made by New York-based Panorama Windows, Ltd.

KLIL CHAIRMAN Tzuri Daboosh (from left), Karmiel Mayor Moshe Koninsky, factory director Itamar Ohayon and Klil CEO Fredy Aboukrat lay the cornerstone of the factory. (credit: DAVID COHEN)
KLIL CHAIRMAN Tzuri Daboosh (from left), Karmiel Mayor Moshe Koninsky, factory director Itamar Ohayon and Klil CEO Fredy Aboukrat lay the cornerstone of the factory. (credit: DAVID COHEN)

The acquisition will allow Klil to expand its activities in the premium and luxury market in Israel, which has an estimated yearly market value of NIS 150m.



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