Averbuch Formica Center Ltd.
TTASE:AVER2,020.00
ILA
+30.00
(+1.51%)
ISIN
IL0006750173
Return %
Stock
S&P 500
1Y
52.68
14.20
3Y
-32.64
81.12
5Y
-29.42
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Simcha Averbuch
- Full Time Employees
- 124
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Ben Atar 25 street Ramla HM Israel 7210401
- IPO Date
- Jan 17, 1994
- Website
- averbuch.co.il
- Similar Companies
- Business
- Averbuch Formica Center Ltd. is an Israel-based company engaged in the import, production, marketing, and trading of raw materials primarily for the wood and furniture industries. The company’s core product offerings include laminates with protective overlays, wood products such as plywood and coated plywood panels, veneer sheets, hard wood and solid wood, medium-density fiberboard, particleboard and coated particleboard, kitchen assembly kits, kitchen and furniture doors, acoustic ceilings, and various forms of parquet flooring including solid wood parquet, laminated parquet, and multilayer wood parquet. Additionally, Averbuch distributes wall cladding panels, wooden beams, and related flooring equipment. The company serves a diverse customer base comprising raw material traders, carpenters, furniture and kitchen manufacturers, and general consumers. It also operates a showroom and materials library in Tel Aviv to support customer engagement and product display. Founded in 1958 by Mordechai Averbuch, the company is headquartered in Ramla, Israel. Recent developments include continued strategic focus on expanding its product range and partnership networks with international suppliers such as Arpa, LG Hausysy, Pollmeier, Heggenstaller, and others, which reinforces its position in the Israeli building and furniture industry markets. There are no public disclosures of recent acquisitions or major structural reorganizations in the last one to two years; however, the company reported revenue growth in early 2025 with increasing sales primarily in wood products segments despite operating at a net loss, indicating ongoing investment in market expansion and product development. Averbuch operates through three main segments: wood products, parquet flooring, and real estate activities related to showrooms and facilities. It maintains a business model focused on importation and local marketing within Israel, supported by partnerships with leading global suppliers. The company leverages its long-established reputation and comprehensive product portfolio to serve the furniture manufacturing and construction sectors domestically. This profile reflects Averbuch Formica Center Ltd.'s detailed product portfolio and recent operational emphasis, affirming its role as a key player in Israel's wood and furniture raw materials market. The company continues to leverage its heritage and supplier relations to maintain its competitive positioning in these industries.