Ofra Strauss to join Top-Gum board

In depth

Ofra Strauss, controlling shareholder of the Strauss Group, is expected to join the board of Top-Gum, the Sderot-based supplement company. Top-Gum produces gummy supplements for international brands, including the Better brand of Rotem Sela.

The company employs over 400 workers and is expanding its operations in the US and Canada. Its sales are growing at a rate of about 50%, and it is recording a tenth consecutive record quarter.

Despite the growth, Top-Gum's shares have fallen about 35% since the start of the year, and its value stands at about NIS 1.1 billion. The company's last quarter ended in a loss.