Osem (company)
 |
|
| Private | |
| Traded as | : OSEM |
| Industry | Food processing |
| Founded | 1942 |
| Headquarters | Shoa'm, Israel |
|
Area served
|
Worldwide |
|
Key people
|
Aviezer Kaplan, Itsik Tsaig (CEO) |
| Products | Coffee, Pasta, Breakfast cereals, Confectionery |
| Revenue |
 NIS 3,807.2 million (2010)
|
| NIS 480.5 million (2010) | |
| NIS 316.48 million (2010) | |
| Total assets | NIS 3,551.8 million (2010) |
|
Number of employees
|
4707 |
| Parent | Nestlé |
| Website | www.osem.co.il |
Osem Investments Ltd. (: OSEM) (Hebrew: אסם) is one of the largest food manufacturers and distributors in Israel. The group is owned (100%) by Nestlé S.A. of Switzerland.
The company used to be listed on the and was a constituent of the TA-25 Index.
Founded in 1942 as a food marketing company, in 1946, the company built its first factory in Bnei Brak. It originally produced noodles and ptitim, which is similar to Sardinian fregula. In 1964, Osem's snack factory was founded in Holon, and the company's main product was created - the peanut butter-flavoured Bamba. In 1970, the company started producing baked food in addition to introducing the Bissli snacks, which come in several flavours such as falafel, mesquite, BBQ, pizza, and onion. Osem also produces soup powders which now markets MSG-free versions of its soup mixes under a green label as opposed to the traditional red one.
The company's main factory was built in 1976 in Petah Tikva, in which the company's administration offices, distribution centre, and the sauce factory are now found.
Osem has acquired several smaller food companies and expanded their product lines, such as Froumine, Argal Bakery Shop, and Magdanot HaBait factory (where the cakes production line is found).
In 1995, Osem started to market Nestlé's products. Among these are coffee, chocolate, and breakfast cereals. In 1995 Nestlé also acquired 10% of Osem's shares, followed by an additional 41% in 1997.
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Wikipedia