Osem (company)

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For other uses, see Osem (disambiguation).
Osem Investments Ltd.
Type Public
Traded as TASEOSEM
Industry Food processing
Founded 1942
Headquarters Petah Tikva, Israel
Area served Worldwide
Key people Aviezer Kaplan, Itsik Tsaig (CEO)
Products Coffee, Pasta, Breakfast cereals, Confectionery
Revenue Increase NIS 3,807.2 million (2010)[1]
Operating income NIS 480.5 million (2010)
Net income NIS 316.48 million (2010)
Total assets NIS 3,551.8 million (2010)
Employees 4707
Parent Nestlé
Website www.osem.co.il

Osem Investments Ltd. (TASEOSEM) (Hebrew: אסם‎) is one of the largest food manufacturers and distributors in Israel.[2] The group is majority owned (51%) by Nestlé S.A. of Switzerland.

The company is listed on the Tel Aviv Stock Exchange and is a constituent of the TA-25 Index.

History[edit]

Founded in 1942 as a food marketing company, in 1946, the company built its first factory in Bnei Brak. It originally produced noodles and ptitim, an imitation of Sardinian fregula. In 1964, Osem's snack factory was founded in Holon, and the company's main product was created - the peanut butter-flavoured Bamba. In 1970, the company started producing baked food in addition to introducing the Bissli snacks, which come in several flavours such as falafel, mesquite, BBQ, pizza, and onion. Osem also produces soup powders which once contained high quantities of monosodium glutamate (MSG). The company now markets MSG-free versions of its soup mixes under a green label as opposed to the traditional red one.

The company's main factory was built in 1976 in Petah Tikva, in which the company's administration offices, distribution centre, and the sauce factory are now found.

Osem has acquired several smaller food companies and expanded their product lines, such as Froumine, Argal Bakery Shop, and Magdanot HaBait factory (where the cakes production line is found).

In 1995, Osem started to market Nestlé's products. Among these are coffee, chocolate, and breakfast cereals; Nestlé also acquired 51% of Osem's shares in that year.

All Osem products produced in Israel are produced under the kosher supervision of the Chief Rabbinate of Israel, and many are certified by the Edah HaChareidis, as well.

Production facilities and subsidiaries[edit]

Osem factory, Modi'in

The company holds a number of subsidiaries which make up the Osem Group. The company's subsidiaries include Sabra Salads, Tivall, Of Tov, Nestlé Ice Creams, Beit Hashita, Asamim, Nestlé-Purina, Materna Ltd. (51%), and Foodtec. In 2008, the company bought Tribe Mediterranean Foods Ltd., a Mediterranean food producer and distributor based in the United States. The group produces approximately 2,000 different products, divided into four main categories: room temperature food - snacks and pastries, room temperature food - other, chilled food, and frozen food.

The group operates 10 different production facilities in Israel, and distributes its produce through its distribution centers. In 2007, the group completed the construction of a nationwide distribution and logistics center. In addition, the group exports its produce to Europe and the United States through its overseas subsidiaries: Osem U.K. Ltd. and Osem USA Inc.

See also[edit]

References[edit]

  1. ^ "Osem Investments Ltd.". Tel Aviv Stock Exchange. 2011. Retrieved 31 August 2011. 
  2. ^ Dun's 100 - Israel's Largest Enterprises 2009, Dun & Bradstreet 

External links[edit]