Diplomat enters Latin America: acquires two companies for $45 million

Diplomat Group has signed a binding agreement to acquire a 60% controlling stake in two private consumer goods distribution companies in Mexico for approximately $45 million. The acquired companies reported about 10% revenue growth in 2025. The move marks the group's first entry into Latin America.

Diplomat Group is expanding its international operations and entering Latin America for the first time, signing a binding agreement to acquire a 60% controlling stake in two private companies operating in the consumer goods (FMCG) distribution sector, incorporated in Mexico. The transaction is valued at approximately $45 million. The two acquired companies specialize in food, personal care, cleaning, and health and beauty products, operating with operational synergy. The agreement includes additional future considerations contingent on performance over the next three years, as well as mutual put and call options that will allow Diplomat to purchase the remaining 40% stake starting in 2030. According to Diplomat, the companies ended 2025 with approximately 10% revenue growth, totaling about 1.8 billion pesos (approximately NIS 310 million). Diplomat CEO Yaron Bloom stated that the acquisition aligns with the strategy for global expansion and diversification of revenue sources, and that the company intends to continue examining additional strategic opportunities. Diplomat currently operates in seven countries and is adding Mexico as its eighth.