Under the terms of the agreement, Fosun will acquire the holdings from the existing shareholders of Ahava, including Gaon Holdings, Livnat family, Shamrock Israel Growth Fund Advisors, Kibbutz Mitzpe Shalem and Kibbutz Kaliaan.
"We feel very confident about the market in Israel and continue to seek suitable investment opportunities in different areas in the country. We are glad to have succeeded in acquiring such a famous, strong and successful brand as AHAVA under this mutually beneficial agreement. We will endeavor to extend the success of this brand to China and other countries,” noted Liang Xinjun, vice chairman and CEO of Fosun Group.
Founded in the Dead Sea Region, Ahava’s top facial care products include Dead Sea Osmoter Facial Serum, Facial Mud Exfoliator and Active moisture gel cream.