In early 2026, a wave of flotations of food companies is expected. Besides the flotation of Tnuva, which has been examined in the past few months but about which no decision has yet been made, the flotation of food importer Sugat, controlled by private equity firm Fortissimo, is on the agenda, and the company is gearing up to issue a prospectus. In addition, Marina Galilee Mushrooms, founded by Remo Ben Shushan, is working on a prospectus on the basis of its third quarter financials, with the aim of making an IPO in February next year.
The shareholders in Marina Galilee Mushrooms plan to use the proceeds of the flotation, some NIS 220-260 million, to acquire Onot, which has similar activity, although such a deal will be looked at by the Competition Authority. The flotation of Marina Galilee Mushrooms will be led by Discount Capital Underwriting and Barak Capital Underwriting.
Remo Ben Shushan founded Marina Galilee Mushrooms in the 1980s. It began as a local distributor of fresh mushrooms from growers in the Western Galilee. Growing mushrooms agriculturally was then an innovative business, and the company developed over the years and set up a mushroom farm at Moshav Me'ona in the Galilee. Today, Marina Galilee Mushrooms is one of the largest companies in Israel in growing and marketing fresh produce, specializing in daily chilled distribution.
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