Keter Group ( he, קבוצת כתר), formerly Keter Plastic, is an Israeli manufacturer and marketer of

resin In polymer chemistry and materials science, resin is a solid or highly viscous substance of plant or synthetic origin that is typically convertible into polymers. Resins are usually mixtures of organic compounds. This article focuses on natu ...

-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 Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

and the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. Keter products are marketed worldwide.

History

The Keter brand evolved from a small workshop established in

Jaffa Jaffa, in Hebrew Yafo ( he, יָפוֹ, ) and in Arabic Yafa ( ar, يَافَا) and also called Japho or Joppa, the southern and oldest part of Tel Aviv-Yafo, is an ancient port city in Israel. Jaffa is known for its association with the b ...

in 1948, specializing in the production of Resin combs, toys and housewares. In 1971, Joseph Sagol bought out his partners' shares in the workshop.The Israel economist, Volumes 45-47, 1991, p.40
/ref> 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 shed A shed is typically a simple, single-story roofed structure that is used for hobbies, or as a workshop in a back garden or on an allotment. Sheds vary considerably in their size and complexity of construction, from simple open-sided ones de ...

s, toolboxes, bathroom cabinets, backyard playhouses for children, and more – all made of resin. In 1991, Keter acquired competitor L.M. Lipski. In 2004, Keter acquired Allibert Sanitaire. In 2005, Keter acquired Curver Consumer Products Ltd, Corby, Northamptonshire, from

Newell Rubbermaid Newell Brands is an American manufacturer, marketer and distributor of consumer and commercial products. The company's brands and products include Rubbermaid storage and trash containers; home organization and reusable container products; Contig ...

. In June 2013, Keter was one of several companies subjected to a boycott by the

United Church of Canada The United Church of Canada (french: link=no, Église unie du Canada) is a mainline Protestant denomination that is the largest Protestant Christian denomination in Canada and the second largest Canadian Christian denomination after the Catholi ...

because it had a factory in the illegal West Bank settlement of

Barkan Barkan ( he, בַּרְקָן) is an Israeli settlement in the northern West Bank, about 8 km west of the Palestinian city of Salfit, under the administrative local government of the Shomron Regional Council. In its population was . The i ...

. In 2016, the private equity firm

BC Partners BC Partners is a British international investment firm with over $40 billion of assets under management across private equity, credit and real estate in Europe and North America. Its global headquarters are in London. The firm invests across all ...

purchased 80% of Keter for 1.4 billion euros. In 2016, Keter Group was valued at $1.7 billion. In 2017, Keter purchased British plant pot company Stewart Plastics.In 2021, Keter partnered with

UBQ Materials UBQ Materials is an Israeli cleantech company created to convert unsorted household waste into a thermoplastic composite. The company's primary product, UBQ, is a thermoplastic, sold in the form of pellets, that can be used to substitute for wood ...

to produce sustainable home and garden goods at scale. In September 2021, Keter Plastic announced plans for an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

and filed a draft prospectus with the

US Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

. Among the

underwriters Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liabilit ...

for the offering are

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

Jefferies Jefferies is a surname. Notable people with the surname include: * Alan Jefferies (born 1957), Australian writer * Annalee Jefferies (born 1954), American actress * Chris Jefferies (born 1980), American basketball player * Cindy Jefferies, Englis ...

JP Morgan JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the wo ...

, and

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...

Products

Keter manufactures household and garden products, cabinets, and outdoor furniture, especially the monobloc chair. It is one of Israel's largest manufacturers of resin-based outdoor and garden furniture. The company has North America production plants in North Carolina, Indiana, Pittsburgh and in Milton, Ontario, Canada. In 2021, Keter partnered with UBQ Materials to increase the use of recycled content in their products to 55% by 2025.

References

{{Authority control Plastics companies of Israel Manufacturing companies established in 1948 1948 establishments in Israel Mergers and acquisitions of Israeli companies Companies based in Herzliya

History

Products

See also

References