Israeli Plastic Company Sells Off 80% to European Equity House for USD 1.5B

(Haaretz) Michael Rochvarger - In one of the biggest corporate sales ever in Israel, the Sagol family agreed yesterday to sell control of its Keter Plastic to the European private equity fund BC Partners for about USD 1.5 billion. The company, which began as a workshop in Jaffa in 1948, sells its products worldwide and operates about 29 plants in the United States and Europe.