Ham-Let

Company Overview

Snapshot

Founded in January 1950 by Zvi Topaz (Late), Ham-Let operates with 201–500 employees. The company was delisted from the TASE in April 2021 following its acquisition.

Business overview

Ham-Let manufactures compression fittings and valves for critical applications across various industries. Its core products include instrumentation solutions, subsea and topside valves, high-purity connectors, diaphragm valves, filters, flexible hoses, and pressure gauges. The company serves markets such as oil and gas, atomic energy, and semiconductors, operating within the Industrial Technologies sector with a focus on industrial manufacturing, healthcare, and energy.

Strategic signal

In December 2020, UCT acquired Ham-Let for $348 million. This acquisition highlights Ham-Let's strategic value in the industrial components market and signals a significant consolidation within the sector, providing a strong exit for its shareholders and integrating its specialized valve and fitting technologies into a larger entity.

Company Intelligence Q&A

What was the most significant corporate event for Ham-Let in recent years?

In December 2020, UCT acquired Ham-Let for $348 million, marking a major exit for the company and its shareholders.

When did Ham-Let delist from the stock exchange?

Ham-Let was delisted from the TASE in April 2021, following its acquisition.

What was Ham-Let's strategy regarding Industry 4.0?

In 2017, the Ham-Let Group opened the Let-Lab Industry 4.0 Lab to collaborate with startups on IIoT technology, focusing on areas like predictive maintenance and artificial intelligence.

Did Ham-Let make any acquisitions to expand its operations?

Yes, in December 2014, Ham-Let acquired UK gas and liquid control solutions company Cambridge Fluid Systems. In December 2016, it acquired Chinese valve company Jiangshu Xinghe Valve. In August 2018, Ham-Let acquired S&S VALVE CO.

What was a notable product introduction by Ham-Let?

In July 2014, Ham-Let introduced PuRight, a new and improved replacement for stainless steel in its product line.