Yerkin Tatishev’s Kusto buys Israel’s largest plaster producer

Paint giant Tambour, a division of Kusto Group, completed the $5.5m purchase of Geves Gesher, Israel’s largest domestic plaster manufacturer

Tambour Ltd, a subsidiary of Yerkin Tatishev’s Singaporean holding company, Kusto Group, finalized its acquisition of Israeli plaster manufacturer, Geves Gesher Ltd. in March 2019 for US 5,5 million dollars.

Founded 80 years ago along the banks of the Jordan River, Kibbutz Gesher is home to Geves Gesher Ltd., manufacturer of Israel’s top-selling industrial plaster. Operating since 1950, the factory produces gypsum-based plaster products for the Israeli construction industry.

Tambour is now so much more

Established in 1936, Tambour first became a household name for paint. Today the company offers the largest range of industry solutions in Israel, from paint all the way to aviation. A pioneer of the Israeli construction industry, Tambour’s story is part of the history and growth of Israel. Over the years Tambour has developed a diverse and reliable range of products, earning its place as Israel’s leading company in the market. Today, Tambour is owned by Yerkin Tatishev’s Kusto Group, a diversified industrial https://www.newszii.com/the-bloomberg-global-business-forum-2018/ sector holding company that operates around the world. Tambour products, from paint, powders and glues, to unique materials for aviation, rail, and shipping, can be found the world over, with branches from America to Africa.

Tambour’s takeover of Geves Gesher https://yerkintatishev.com/ came around the same time as the company’s acquisition of Italian paint manufacturer Zegati. Both were sensible moves for Tambour, as the company aims to extend and solidify its operations outside of Israel. As Tambour CEO, Micha Scharir, noted in an interview with Jerusalem Post recently, the acquisition of Geves Gesher is another step forward in establishing the company as a leader in and outside of Israel.

Moving on up

Tambour purchased Geves Gesher in two phases: first, in 2006, by acquiring 51% ownership through payment of US$1 million; then in 2019, through payment of an additional US$4,5 million to seal full ownership.[1] Since the first phase of purchase in 2006, Geves Gesher reported a 400% increase in profitability, further testament to the market leadership of Tambour and Kusto Group.[2] With advanced laboratories, Tambour also continues to invest heavily in research and development dedicated to advancing Israel and new technologies.

Kusto Group founder, Yerkin Tatishev, is the visionary behind all this. In 1998, he gathered a group of like-minded friends to embark on a series of projects aimed at transforming state mining assets in the former Soviet Union, starting with his home country of Kazakhstan, where he was born in 1976. Yerkin saw that the lessons he learned during those challenging times could be applied to something much greater, and in 2002, he founded Kusto Group. The company specializes in investment diversification across various business sectors, investing in real estate, construction, and building materials.[3] In 2014, Yerkin pioneered the acquisition of Tambour, Israel’s leading paint company, marking the first time Kusto invested in a well-established local company, a fact he proudly boasts on Kusto’s company website.[4] Then, this year, he finalized acquisition of Geves Gesher under Tambour.

Painting the picture

Yerkin, as many like him, has realized the potential in investing in Israel, the world’s start-up nation, and taking Israeli ingenuity to the global market. With branches and stores in Asia, Africa, America, and Europe, Tambour’s foothold is already vast, and will surely grow under Yerkin’s vision and guidance, now incorporating Geves Gesher. Despite the often grossly negative media coverage the country receives, Yerkin was never deterred from investing in Israel and Israeli companies and appreciated the global possibilities.

Israel’s paint and materials industries are about as old as the country, and due to the many challenges she faced since https://yerkintatishev.com Kusto-Group-Yerkin her foundation, manufacturers had to get creative, hence “the start-up nation”. Israelis had to find solutions and progression within their own borders, developing products that could withstand the country’s desert climate and compete with global standards. It is therefore no surprise that something as simple as paint ultimately became a global go-to. In 1990, Tambour became a public company traded on the Tel Aviv Stock Exchange, and in 2008, opened the country’s largest industry advisory store, Tambour House, located in Bnei Brak.

Within Israel, Tambour bmmagazine.co.uk/business/lessons-learned-by-yerkin-tatishev-from-the-bloomberg-global-business-forum/ employs over 1000 staff across all ethnicities, minorities, even those with disabilities, while Geves Gesher employs 25 more. Now falling under the ownership of Tambour, Geves Gesher will expand and open up even more employment opportunities to Israelis. Every year, Tambour donates thousands of liters of paint, materials, and resources to communities in need and partakes in cross-country volunteer programs, a corporate responsibility that is now upheld by all branches worldwide.[5] It is easy to see why Geves Gesher and Tambour were no-brainer acquisitions for Kusto Group, and why Yerkin Tatishev is so proud of it. There can only Check out the post right here Yerkin Tatishev be good things in both companies’ global futures under his and Kusto’s expert direction.

[1] 20 March 2019: Jerusalem Post: Tambour completes buyout of Geves Gesher

[2] 20 March 2019: Jerusalem Post: Tambour completes buyout of Geves Gesher

[3] Kusto Group: Official website

[4] Kusto Group: Official website

[5] Tambour: Official website

Article Source:

https://www.israelnationalnews.com/News/News.aspx/261479

KUSTO GROUP Look at more info Kusto Group Tatishev DIVISION CONTINUES RAPID EXPANSION WITH NEW ASHKELON FACTORY

Tambour, the largest paint manufacturer in Israel, has begun construction on a new factory in Ashkelon.

BY DAN ADLER APRIL 7, 2019 16:13

Israel paint manufacturer Tambour will invest NIS 100 million in new manufacturing facility in the southern city of Ashkelon.

Tambour, the largest paint manufacturer in Israel, has begun construction on a new factory in Ashkelon. The company will invest NIS 80-100 million in building the new facility which will cover 16 dunams (16,000 square meters) and is expected to employ 50 workers.

Kusto Group, which owns Tambour, continues to expand its investments in the company and building materials sector in Israel and across the globe in an effort to transform Tambour into a successful multinational company.

Accelerating Manufacturing Capabilities in Israel

The manufacturing plant in Ashkelon will concentrate on the production of plaster and plaster related building materials. While Tambour is best known for its manufacturing of high-quality paint for the home, nearly half of its production is in other building materials from gypsum boards and plaster powders to cement. Tambour currently operates six factories across Israel.

The new facility, which is expected to be finished next year, will be built on land leased from the Israel Land Authority (ILA), the government agency responsible for managing all public land. The Ashkelon plant will be fully funded by the company without state grants, even though it is located within the ‘Ashkelon development zone’ (making it Visit the website Kusto-Group-Yerkin eligible for state subsidies) because at this stage the company does not intend to export its products.

The new manufacturing facility represents part of Tambour’s recent accelerated efforts to expand its product offerings to the domestic and international market. Tambour recently acquired the balance of Kibbutz Gesher’s holdings in its plaster manufacturing plant, Gesher Gypsum LTD, for NIS 16.5 million making it the sole shareholder in the company. The Gesher plant is one of the largest manufacturers of construction products in Israel.

Kusto Group: Robust International Portfolio

Kusto Group is a Singapore-based, diverse multinational corporation which operates in natural resources and energy, construction and building materials, agricultural and real estate sectors. Kusto purchased Tambour five years ago from the Azrieli Group for NIS 500 million after competing in a bidding war with the Israeli investment fund Apax Partners.

After the acquisition of Tambour, Kusto Group appointed one of its partners, Max Streib, to relocate to Israel and oversee the company’s transition. Streb was recently replaced as Tambour’s CEO by Israeli Micha Sharir, who formerly https://yerkintatishev.com Yerkin Tatishev served as Tambour’s CFO.

Kusto Group specializes in the investment in and operation of multinational industrial companies. Under the leadership of founder and chairman Yerkin Tatishev, the growing company currently operates in 11 countries across Europe and Asia. The pillar of the company’s portfolio is its oil and gas division, KazPetrol, located in Kazakhstan. Kusto Group’s agricultural divisions, KustoAgro and KazBeef, operate in Kazakhstan and Ukraine and produce ag products for both local and international markets.

The company also invests in real estate and development projects in several countries across Europe and Asia. In Vietnam, Kusto Group has established itself as a regional leader in construction, building materials and real estate development. The company attributes its global success to its adherence to a set of core values and its entrepreneurial roots.

Kusto Group Invests in Tambour’s Global Expansion

The https://www.newszii.com/the-bloomberg-global-business-forum-2018/ acquisition of Tambour has been integral to the expansion of Kusto Groups’ construction materials division. With over 80 years of experience and a reputation for high-quality products, Tambour products are exported and sold in more than twenty countries across the Mediterranean region, Europe, Africa, South https://yerkintatishev.com Kusto Group Tatishev East Asia and the Americas. Their innovative and environmentally sustainable production methods make Tambour a leader in the industry. According to Tatishev, “Just as Kusto Group is symbolic of Kazakh entrepreneurialism, Tambour represents Israeli creativity and excellence.”

Kusto Group has continued to expand its investment in Tambour in order to broaden its operations globally. According to the company’s website, “Kusto has seized the opportunity to take a much-loved local brand and position it on the world stage, turning it into a global champion.”

As part of this effort to transform Tambour into a multinational brand, in 2018, the company purchased the Italian color company Colorificio Zetagi, the company responsible for painting the Juventus football stadium in Turin, for €7 million. Colorificio Zetagi is currently valued at €15 million and has 56 employees. The purchase of the Italian company represents Tambour’s first acquisition outside of Israel. Zetagi specializes in manufacturing oil, gas and woodwork products, opening new opportunities for Tambour to extend its product lineup.

Tambour’s superior products, manufacturing techniques, geographic location, and history make it a prominent asset to Kusto Group’s global holdings. The company’s recent acquisitions and the construction of the new Ashkelon factory indicate a bright future for the Israeli paint company.

Article Source:

https://www.jpost.com/Special-Content/Kusto-Group-division-continues-rapid-expansion-with-new-Ashkelon-factory-586024

KUSTO GROUP DIVISION CONTINUES RAPID EXPANSION WITH NEW ASHKELON FACTORY

Tambour, the finance largest paint manufacturer in Israel, has begun construction on a new factory in Ashkelon.

BY DAN ADLER APRIL 7, 2019 16:13

Israel paint manufacturer Tambour will invest NIS 100 million in new manufacturing facility in the southern city of Ashkelon.

Tambour, the largest paint manufacturer in Israel, has begun construction on a new factory in Ashkelon. The company will invest NIS 80-100 million in building the new facility which will cover 16 dunams (16,000 square meters) and is expected to employ 50 workers.

Kusto Group, which owns Tambour, continues to expand its investments in the company and building materials sector in Israel and across the globe in an effort to transform Tambour into a successful multinational company.

Accelerating Manufacturing Capabilities in Israel

The manufacturing plant in Ashkelon will concentrate on the production of plaster and plaster related building materials. While Tambour is best known for its manufacturing of high-quality paint for the home, nearly half of its production is in other building materials from gypsum boards and plaster powders to cement. Tambour currently operates six factories across Israel.

The new facility, which is expected to be finished next year, will be built on land leased from the Israel Land Authority (ILA), the government agency responsible for managing all public land. The Ashkelon plant will be fully funded by the company without state grants, even though it is located within the ‘Ashkelon development zone’ (making it eligible for state subsidies) because at this stage the company does not intend to export real estate its products.

The new manufacturing facility represents part of Tambour’s recent accelerated efforts to expand its product offerings to the domestic and international market. Tambour recently acquired the balance of Kibbutz Gesher’s holdings in its plaster manufacturing plant, Gesher Gypsum LTD, for Yerkin Tatishev-Kusto-Group NIS 16.5 million making it the sole shareholder in the company. The Gesher plant is one of the largest manufacturers of construction products in Israel.

Kusto Group: Robust International Portfolio

Kusto Group is a Singapore-based, diverse multinational corporation which operates in natural resources and energy, construction and building materials, agricultural and real estate sectors. Kusto purchased Tambour five years ago from the Azrieli Group for NIS 500 million after competing in a bidding war with the Israeli investment fund Apax Partners.

After the acquisition of Tambour, Kusto Group appointed one of its partners, Max Streib, to relocate to Israel and oversee the company’s transition. Streb was recently replaced as Tambour’s CEO by Israeli Micha Sharir, who formerly served as Tambour’s CFO.

Kusto Group specializes in the investment in and operation of multinational industrial companies. Under the leadership of founder and chairman Yerkin Tatishev, the growing company currently operates in 11 countries across Europe and Asia. The pillar of the company’s portfolio is its oil and gas division, KazPetrol, located in Kazakhstan. Kusto Group’s agricultural divisions, KustoAgro and KazBeef, operate in Kazakhstan and Ukraine and produce ag products for both local and international markets.

The company also invests in real estate and development projects in several countries across Europe and Asia. In Vietnam, Kusto Group has established itself as a regional leader in construction, building materials and real estate development. The company attributes its global success to its adherence to a set of core values and its entrepreneurial roots.

Kusto Group Invests in Tambour’s Global Expansion

The acquisition of Tambour has been integral to the expansion of Kusto Groups’ construction materials division. With over 80 years of experience and a reputation for high-quality products, Tambour products are exported and sold in more than twenty countries across the Mediterranean region, Europe, Africa, South East Asia and the Americas. Their innovative and environmentally sustainable production methods make Tambour a leader in the industry. According to Tatishev, “Just as Kusto Group is symbolic of Kazakh entrepreneurialism, Tambour represents Israeli creativity and excellence.”

Kusto Group has continued to expand its investment in Tambour in order to broaden its operations globally. According to the company’s website, “Kusto has seized the opportunity to take a much-loved local brand and position it on the world stage, turning it into a global champion.”

As part of this effort to transform Tambour into a multinational brand, in 2018, the company purchased the Italian color company Colorificio Zetagi, the company responsible for painting the Juventus football stadium in Turin, for €7 million. Colorificio Zetagi is newszii.com/the-bloomberg-global-business-forum-2018/ currently valued at €15 million and has 56 employees. The purchase of the Italian company represents Tambour’s first acquisition outside of Israel. Zetagi specializes in manufacturing oil, gas and woodwork products, opening new opportunities for Tambour to extend its product lineup.

Tambour’s superior https://yerkintatishev.com Yerkin Tatishev products, manufacturing techniques, geographic location, and history make it a prominent asset to Kusto Group’s global holdings. The company’s recent acquisitions and the construction of the new Ashkelon factory indicate a bright future for the Israeli paint company.

Article Source:

https://www.jpost.com/Special-Content/Kusto-Group-division-continues-rapid-expansion-with-new-Ashkelon-factory-586024