Keter Group

Keter Group (Hebrew: קבוצת כתר), formerly Keter Plastic, is an Israeli manufacturer and marketer of resin-based household and garden consumer products. The company, established in 1948, has a chain of retail stores throughout Israel and operates 29 plants in Israel, Luxembourg, Europe, Canada and the United States. Keter products are marketed worldwide.

Keter Group
IndustryResin Consumer Goods
Founded1948 (1948)
Headquarters
Herzliya
,
Israel
ProductsOutdoor and Indoor resin-based consumer products
Number of employees
3,020 (2017)
Websitewww.keter.com

History

The Keter brand evolved from a small workshop established in Jaffa in 1948, specializing in the production of Resin combs, toys and housewares. In 1971, Joseph Sagol bought out his partners' shares in the workshop.[1] Sagol later handed the management of the company over to his sons, Sami and Itzhak.

Since 1978, Keter has expanded its home product lines to include garden sheds, toolboxes, bathroom cabinets, backyard playhouses for children, and more – all made of resin.

In 1991, Keter acquired competitor L.M. Lipski.[1]

In 2005 Keter acquired Curver international

In June 2013, Keter was one of several companies subjected to a boycott by the United Church of Canada and the Presbyterian Church (USA) because it had a factory in the Barkan Industrial Park.[2][3][4]

In 2016, the private equity firm BC Partners purchased 80% of Keter for 1.4 billion euros.[5] In 2021, Keter partnered with UBQ Materials to produce sustainable home and garden goods at scale.[6]

In September 2021, Keter Plastic announced plans for an IPO on the New York Stock Exchange and filed a draft prospectus with the US Securities and Exchange Commission. Among the underwriters for the offering are Goldman Sachs, Jefferies, JP Morgan, and Bank of America.[7]

Products
Keter outlet

Keter manufactures household and garden products, cabinets, and outdoor furniture, especially the monobloc chair.[8] It is one of Israel's largest manufacturers of resin-based outdoor and garden furniture.[9]

In 2021, Keter partnered with UBQ Materials to increase the use of recycled content in their products to 55% by 2025.[10]

See also

References
  1. The Israel economist, Volumes 45-47, 1991, p.40
  2. "Canada's Largest Protestant Church Prepares To Boycott Israeli Companies". The Huffington Post. 30 May 2013. Retrieved 2016-10-24.
  3. "United Church of Canada's Israeli boycott campaign an 'assault on the Jewish people,' Toronto group says". National Post. Retrieved 2016-10-24.
  4. "KETER page on Presbyterian Mission Agency website" (PDF). Archived from the original on 2017-08-27.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  5. שלו, שי (20 July 2016). "נסגרה העסקה: כתר פלסטיק תימכר ל-BC פרטנרס לפי שווי של 1.7 מיליארד דולר - גלובס". Globes. Retrieved 2016-10-24.
  6. "Keter Group Partners with UBQ Materials to Produce Sustainable Home and Garden Goods at Scale S". PR Newswire. April 19, 2021. Retrieved September 17, 2021.
  7. "Keter Plastic files for NYSE IPO". Globes newspaper English website. 2021-09-19. Retrieved 2021-09-19.
  8. "Israel's Keter CEO: "The transition from a family company to a foreign fund didn't flow, but we've made a dramatic change"". calcalist (in hebrew). 18 April 2021. Retrieved 18 April 2021.
  9. Israel business, Issues 426-439, p.38
  10. Martin, Noga (19 April 2021). "Going greener, Keter joins forces with alternative-plastic startup UBQ". Israel Hayom. Retrieved 25 November 2021.
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