The story
The Keter brand evolved from a small workshop established in Jaffa in 1948, specializing in the production of resin combs, toys and housewares. In 1971, Joseph Sagol (1913-2000) bought out his partners' shares in the workshop. Sagol later handed the management of the company over to his sons, Sami and Itzhak.
Since 1978, Keter has expanded its home product lines to include garden sheds, toolboxes, bathroom cabinets, backyard playhouses for children, and other products made of resin. In 1991, Keter acquired competitor L.M. Lipski.
In 2004, Keter acquired Allibert Sanitaire. In 2005, Keter acquired Curver Consumer Products Ltd, Corby, Northamptonshire, from Newell Rubbermaid.
In June 2013, Keter was one of several companies subjected to a boycott by the United Church of Canada because it had a factory in the disputed West Bank settlement of Barkan.
In 2016, the private equity firm BC Partners purchased 80% of Keter for 1.4 billion euros. The sale involved Keter taking a large loan. At the time of purchase, Keter operated 29 production plants across Israel, Europe, and the United States. In 2017, Keter purchased British plant pot company Stewart Plastics.
In September 2021, Keter announced plans for an IPO on the New York Stock Exchange and filed a draft prospectus with the US Securities and Exchange Commission. Among the underwriters for the offering were Goldman Sachs, Jefferies, JP Morgan, and Bank of America. The IPO plan did not go through.
By 2023, Keter was having difficulty paying its debt from 2016, and BC Partners offered it for sale to recover the debt. It was not purchased.
From Wikipedia’s article on Keter Group, shared under CC BY-SA 4.0.4