Newpan's management is negotiating the purchase of about 50% of the Last Price shopping site

Newpan's management, an importer and marketer of the leading electrical and electronics products in Israel, is negotiating the purchase of about 50% of the Last Price shopping site. The scope of the transaction amounts to approximately NIS 40 million, the annual sales volume of Last price is estimated at approximately NIS 180 million. Last Price's management, headed by CEO Lior Hamo, will remain in its position.
Zvika Gior, Chairman and Owner of Newpan, said: "Last Price's experienced management team, headed by CEO Lior Hemo, has over the years made the site a leader in the field of ecommerce in Israel. "
Lior Hemo, founder, CEO and owner of Last Price: "We were approached by a number of leading parties, we chose Newpan as partners along the way out of many years of personal acquaintance and successful business cooperation between the companies from the beginning. The field of online meteoric growth in recent years and we plan to integrate additional fields on the site, such as the cellular field, furniture, toys and more. "
The Last Price pioneer sales site in the field of online shopping was founded in 2002 by Lior Hamo, who still serves as the site's CEO. Over the years, the site has become one of the most prominent trading sites in the field of consumer products and home appliances.
Newpan is one of the leading importers and marketers of electrical and electronic products in Israel, founded in 1986 by the Gior family and is the sole representative of brands such as Kitchenaid, Toshiba, Haier, Canon, Bose, Magimix, Tefal and more.