Rav-Bariach (also known as RB-DOORS and RB-LOCKS) was established in 1973 and has been a leader in the doors and locks manufacturing field ever since. For 40 years, RB-Doors has specialized in the development and manufacturing of superior high security products for the protection of property and life, making RB-Doors an international leader in the manufacturing and marketing of steel security doors and locks for every need, worldwide. Over the last 6 years, 4 new factories were established – Interior door factory, fire door & heavy metalwork factory, ABC (Atomic, Biological, Chemical) protection systems factory and door-gate factory – making Rav-Bariach the largest door factory in Israel and the largest security door factory worldwide. Founded in 1973 by Shmuel (Sam) Donnerstien (President and CEO).
Rav Barih Industries successfully completed its first public offering of shares (IPO) and raised approximately NIS 125 million. The value of the company after the money is NIS 625 million. Institutional entities participated in the offering, including Altshuler Shaham, which becomes a stakeholder in the company and will hold approximately 12.2% of it.
Rav-Briach is engaged in the production of products for the construction industry and a variety of locking solutions that are sold in about 40 countries around the world. The controlling owner of the company is Doors (08) Industries Ltd., headed by the Donnerstein family, which holds approximately 76.57% of the company’s share capital.
The Rav Barih Group operates in four areas of activity: the saturated residential construction sector, the institutional market sector, the private market sector and the locking sector. Among other things, the company manufactures a variety of door products, security and protection products, locking products, AVC filtration systems, rolling gates and panel gates for closing large openings, height values and safety accessories for logistics areas.
Rav Briach’s sales turnover in 2020 reached NIS 400 million, with EBITDA of NIS 52.8 million. Multi-bolt results for the first quarter of 2021 reflect continued rapid growth with an annual revenue rate of close to NIS 550 million.
Shmuel Donnerstein, Chairman of Rav Briach, said: “I would like to thank on my behalf and on behalf of all Rav Briach employees for expressing significant confidence in the company and its growth strategy. Expressing trust in Rav Briach is an expression of trust in Israeli industry and the issuance of the company will help and enable the continued development of its existing and new factories, the establishment of new growth engines and its expansion in Israel and around the world. Rav-Briach Group has an experienced managerial backbone with many years of experience in the industry, which is committed to its continued success and bringing value to shareholders. “
The IPO was led by the underwriters Rosario Underwriting Services (AS), Epsilon Underwriting and IPOs and is operated by IBI. Underwriting and issues. The Office of Oats provided the legal advice for the IPO and the accounting firm that accompanied it is Ziv Haft (BDO).