Home Improvement & Construction Finishing Products - Bathroom and Kitchen Fixtures Manufacturing and Distribution
Strategic Profile
The Group's strength is evident in its presence throughout the entire value chain – from production and import to marketing and distribution, both through specialized stores and via direct sales to private customers, contractors, hotels and institutional customers. Through acquisitions like Lipski, Houzer, and HeziBank, Hamat has strategically expanded its product portfolio and significantly strengthened its presence in key markets, including the U.S. market for kitchen and bath products.
Cyborg Score Rationale
The company experienced a financial downturn in the full year ended December 31, 2024, with sales decreasing to ILS 887.07 million from ILS 967.35 million. While the company maintains market leadership and strategic positioning in construction finishing, recent revenue declines and operational challenges limit growth momentum. Dividend yield of 2.75% provides shareholder returns.
Top Insights
The group employs about 1,100 workers, including a team of engineers and designers who work diligently to develop innovative, designed and unique products.
MCP Manisa has established an innovative and advanced plant for the production of sanitary ware on an area of about 30,000 square meters in the industrial park in Izmir, Turkey, established in 2015, in cooperation with the Hamat Group and a Turkish partner.
Controlled by businessman Yoav Golan and owned by Nior Holdings (1994) Ltd.
Hamat has faced challenges, including being listed on a United Nations database in 2020 for business activities in Israeli settlements in occupied Palestinian territory.
Named Competitors
Kohler — Global plumbing fixtures and sanitary ware manufacturer
Grohe — Premium faucet and bathroom solutions
Moen — Kitchen and bath fixtures manufacturer
Local Israeli competitors — Regional bathroom and kitchen finishing products
Recent Developments
(Dec 2024) Full year sales declined to ILS 887.07 million from ILS 967.35 million
(Jan 2025) Hezibank Alony created through merger of Alony Haifa and Hezibank North in Kiryat Ata
(2024) Continued portfolio integration and retail expansion through showroom network
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