- Business
- Neto M.E. Holdings Ltd. (NTO.TA) is an Israel-based food company that produces, processes, imports, markets, and distributes a wide range of kosher food products and household consumer goods primarily in Israel; its core offerings include meat products such as veal, beef, poultry, frozen, chilled, fresh, and processed meats under the Tibon Veal brand; canned products including tuna and other foods under the Williger brand; fish and fish products like breaded cutlets, minced fish balls, spicy fish, gefilte fish, surimi, fresh, frozen, live, and smoked fish under the Delidag brand; frozen baked goods such as pizzas, bourekas, malawach, jachnun, and pastels under the Three Bakers brand; ready meals under the Magic brand; imported cheeses from Western European countries and select Israeli dairy producers; chilled salads from Salatei Mahsany; fresh fruits and vegetables through Bickurei Hasade Darom; disposable plastic utensils, aluminum and paper products, wipes, and candles; as well as catering services, rural accommodations, meat workshops, meals for carnivores, frozen meat products, and operation of the El Gaucho grill restaurant chain, with distribution via a central logistics center and a fleet of 150 trucks. Founded in 1940 by Meir Ezra and headquartered at 5 Meir Ezra Street in Kiryat Malachi, Israel, the company operates through segments including Group Factories for owned production like frozen dough and salmon, Imports for items such as frozen and fresh meat, live calves, fish, cheeses, canned fish, fruits, vegetables, and whipped cream, and Local Market for chicken and fresh meat, serving domestic consumers and exporting select kosher products including fish, ethnic and pastry items, gummies, marshmallows, Belgian pralines, and chocolates. In recent developments, Neto M.E. Holdings Ltd. reported strong financial performance with Q2 2025 revenue of ILS 1.2 billion and EPS of ILS 6.27, alongside year-over-year growth in annual net sales to ILS 4,811.70 million and net profit surging 111.71% for the year ended December 2024, reflecting operational resilience and margin improvements amid market challenges; no major acquisitions, partnerships, or strategic shifts were announced in the past 1-2 years, with focus remaining on core kosher food production and distribution.