Averbuch Formica Center Ltd. (AVER.TA)

1,088.00 +2.00 (+0.18%) At close: 05:24PM IDT

Averbuch Formica Center Ltd.

25 Har Atzmon Street
P.O. 525 Industrial Zone B
Ramla 7210401
Israel
972 8 913 1900
https://www.averbuch.co.il

Sector(s): Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Full-time employees: 138

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Simcha Averbuch	CEO, Chairman of the Board, VP of Marketing, VP of Operations & Sales	1M	N/A	1953
Mr. Zvi Aronowitz	Chief Financial Officer	840k	N/A	1970
Mr. Shaul Averbuch	VP of Business Development & Director	932k	N/A	1958
Ophir Israel	Accountant	N/A	N/A	1982

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in ILA.

Description

Averbuch Formica Center Ltd., through its subsidiaries, produces, markets, and trades in raw materials for wood and by products and furniture industry in Israel. The company offers wood products, including plywood and coated plywood, shades and textures, hard wood and solid wood, medium density fiberboard, particle and coated particleboard, kits for assembling kitchens, kitchen and furniture doors, and acoustic ceilings. It also distributes flooring and related equipment, such as solid wood parquet, three layer and multi-layer wood parquet, wooden beams, laminated parquet, and wall cladding panels. In addition, the company engages in real estate activities, as well as operates showroom for its customers. Further, it serves its products to raw material traders, carpenters, furniture and kitchen manufacturer, and casual customers. The company was founded in 1958 and is based in Ramla, Israel.

Corporate governance

Averbuch Formica Center Ltd.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.