Israel’s KITAN Industries Buys ARGAMAN, Woven Textile Producer, From Rotlevi Family

PETAKH TIKVAH, Israel - KITAN Industries, a leading bedding manufacturer and exporter here, recently acquired ARGAMAN, a woven textile producer. KITAN purchased the floundering company from the Rotlevi family and pledged to invest between $500,000 and $4 million in the company over the next few years depending on the number of sales it generates. All of ARGAMAN's manufacturing capacity -...