First Israel Mezzanine Investors Ltd. made an offer to acquire remaining 39.9% stake in Ham-Let (Israel Canada) Ltd. for approximately ILS 150 million.

Ham Let Israel Canada Ltd is an Israel-based company engaged in the manufacture, distribution, and marketing of industrial and compression fittings and valves. Its products include tube and pipe fittings, ball valves, needle valves, check valves, relief valves, toggle valves, metering valves, excess flow valves, filters, ultra clean valves, modular substrate products, manifolds, diaphragm valves, pneumatic actuators, and accessories. It also provides various components comprising glands, buttweld fittings, connectors, gaskets, caps, nuts, and couplings. The Company offers its products for oil and gas, semiconductor, process instrumentation, power generation, solar energy, pulp and paper, food and beverage, chemical, analytical instrumentation, hydrogen fuel cells and natural gas, and pharmaceutical industries. It also operates internationally through its subsidiaries, which include Ham-Let Motoyama (Japan) Ltd., Ham-Let USA Inc and Ham-Let (Canada) Fittings & Valves Inc among other.