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Kibbutz Drip Irrigation Innovator Sold for $1.5 Billion

Netafim was the only global drip-irrigation company participating in the China – Arab Expo of 2016. / Photo credit: Netafim Facebook promo

(JNi.media

Netafim is headed by President & CEO Ran Maidan, and jointly owned by Kibbutz Hatzerim (33%), Kibbutz Magal (6%), and now Mexichem, which will buy the entire 61% of the shares owned by global investment firm Permira funds.

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