Haifa reports change in control

Haifa, Israel-Haifa Chemicals Ltd. said Sept. 30 that the controlling interest of Trans-Resources Inc. (TRI), its parent, was transferred last week to Jules and Adi Trump. The Trump family has had substantial shareholding in TRI for the past seven years. In addition to Haifa Chemicals, TRI owns NaChures-USA, Plant Products from Canada, and ELGO Irrigation (controlled by Haifa Chemicals), with Haifa Chemicals the largest among all. Haifa Chemicals, the world’s second largest producer and marketer of potassium, also produces industrial chemicals and food additive products. Haifa has two production plants in Israel, one in Haifa and the other in Mishor Rotem, Southern Israel. Another production plant is located in Lunel Viel, France.