Dan Deal has been acquired by Shufersal
The owners of Dan Deal have sold the company to Shufersal.
Dan Deal is a family business with more than 50 years of experience, which imports, markets and distributes a wide range of consumer products at discount prices and operates a chain of stores in Israel. The company owns a logistics center and specializes in developing, planning and designing unique and original products through product and graphic designers.
Shufersal is the leading and largest food retailer in Israel, with a 20% market share (as of 2021). The company, which was established in 1957, was the first to implement the American modern supermarket model in the country. In 2021, Shufersal had 301 stores in total and 90 branches of Be Drugstores Ltd. The company has 17,000 employees. Shufersal shares are traded on the Tel Aviv Stock Exchange, and it is a constituent of the TA-35 Index.
Oaklins’ team in Israel acted as advisor to the shareholders of Dan Deal in this transaction.
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