Genesis Capital is pleased to announce that Israel-based Hamat Group Ltd. (“Hamat”) (TLV:HAMAT), a leading manufacturer of premium kitchen and bathroom fixtures, has acquired HOUZER, Inc. (“Houzer”), strengthening Hamat’s presence and distribution capabilities in the United States.
Based in Hamilton, NJ, Houzer is an industry-recognized designer, manufacturer and distributor of premium-quality sinks. In operation for over thirty years, the Houzer brand embodies a deep commitment to state-of-the-art technology, exclusive innovations and elegant designs that, combined with its reputation for quality and durability, set Houzer apart as a leader in the industry.
The acquisition will allow Hamat to expand its market footprint within the United States and support the significant existing demand for its kitchen and bath products.
Roy Regerman, CEO, said “Genesis Capital was fundamental to the execution of this acquisition, from identifying the opportunity to providing us with the guidance necessary to ultimately prevail in a competitive process. We are pleased with the positive outcome of this transaction and are excited by the new opportunities that Houzer will bring to Hamat within the United States”.
About Hamat Group Ltd.
Founded in 1944, Hamat manufactures, markets and exports a wide array of products designed for kitchens and bathrooms, specifically faucets, sinks, shower stalls, bathtubs, toilets and plumbing fixtures. The Company operates three state-of-the-art manufacturing facilities in Israel, as well as one facility in Turkey. Hamat has been a publicly traded entity on the Tel Aviv Stock Exchange (TLV:HAMAT) since 1993.