Business Services Industry
Lautman believes in Delta.(Mr. Dov Lautman of Delta GAlil Industries Ltd.)
Israel Business Today, January, 1998
The CEO of Delta Galil Industries Ltd., Israel, Mr. Dov Lautman, purchased an additional 12.5 percent of the outstanding shares of the company for $10.3 million. Mr. Lautman purchased the share of the textile firm from US based Sara Lee International Corp. The US company sold part of its shares in Delta not because of any problem, but because of the company's strategy of reducing its holdings in manufacturing companies worldwide, in order to concentrate its efforts on selling products - instead of manufacturing them.
Sara Lee International will continue to hold 15 percent of the controlling shares of Delta and Lautman 60 percent. Lautman thinks that his investment in the company will prove positive as he sees a bright future with lots of potential for the company's...
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