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Company Profile For Strauss Group Ltd

 
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Overview

Strauss Group Ltd. is an Israel-based food and beverage company. The Company engages in the production of branded beverages, fresh foods, instant coffee and snacks. It sells its products through its sales and distribution systems, including branches of marketing cooperatives, private supermarkets, shops, hotels, restaurants and businesses. The Company operates in Israel, Central and Eastern Europe, Ukraine, Russia, Moldova, Belarus, Kazakhstan and Brazil, where it engages in the production of roasted and ground coffee, and other coffee-related products. Strauss Group Ltd. also entered into the United States food market, providing Mediterranean salads. The Company has partnerships with international food and beverage companies, such as DANONE, Unilever, Lavazza and PepsiCo. As of year end 2008, the Company structured a business consolidation between three of its subsidiaries and the construction of a new factory in Virginia, the United States.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Strauss Group Ltd.'s sales revenue decreased lees than 1% to NIS3.04B. Net income decreased 20% to NIS111.5M. Revenue reflects a decrease in income from the coffee business segment as well as lower revaluation for commodities hedging transactions. Net income reflects an increase in miscellaneous expenses. Earnings also reflect a higher tax burden for taxable income.

Company Address

Strauss Group Ltd
49 Hasivim Street
P.O. Box 194
Petach Tikva     49517
P: +9723.6752111
F: +9723.6752279

Total Employees

11600

Find Out More About STRS.TA

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