Tambour Acquires Controlling Stake in Shefer Aluminum for 45 Million Shekels
Tambour is acquiring a 51% stake in Shefer Aluminum Industries for roughly 45 million shekels in a strategic move ahead of its planned public stock offering.
Ahead of its anticipated public offering, Israel's Tambour is executing a strategic expansion by acquiring a 51% controlling stake in Shefer Aluminum Industries, a prominent manufacturer of glass curtain walls. According to market reports, Tambour will invest approximately 45 million shekels, payable to company owner Ami Miron, with an option to increase its holdings to 66% within a year.
Shefer operates a 9,000-square-meter facility in the Hefer Valley industrial zone, employing 300 workers. The company specializes in exterior architectural envelopes primarily installed in commercial office towers and high-density residential developments, alongside aluminum window manufacturing. For Tambour, the acquisition secures a foothold in the curtain wall sector, creating a direct synergy to market its proprietary paints and construction materials directly to contractors.
Tambour, led by CEO Micha Schrier and owned by the international Kusto Group, previously considered an initial public offering on the Tel Aviv Stock Exchange targeting a valuation of 2 billion shekels to raise 500 million shekels. Although that process was postponed, the company maintains strong financials with annual revenues estimated at 2 billion shekels and an EBITDA of 300 million shekels.
Unlike Tambour's previous aborted acquisition of Afulak in 2024—which was abandoned following strict conditions imposed by the Competition Authority headed by Michal Cohen due to market concentration concerns—market analysts anticipate fewer regulatory hurdles for the Shefer transaction, as Tambour does not currently operate in the curtain wall market.
