Israeli Tnuva plans further expansion in Romania

After Tnuva’s takeover by Apax Partners and Mivtach Shamir Holdings Ltd., the new management intends to continue expansion in Romania and other countries.

According to globes.co.il the new owners do not intend to turn Tnuva into an Israeli company, and the Romanian market is not the only one with potential.

Tnuva President, Arik Raichman, indicated that “the local market is saturated. It will grow by 5 to 8 percent a year, and we must expand internationally if we want to strenghten the company.”

Raichman leaves Tnuva next week after 11 years at its head.

Tnuva revenue is €1.06 billion. Only 5 percent is obtained from international business in Romania and exports to the United States.