STRS on Tel Aviv Stock Exchange

Strauss Group Ltd.

Food products manufacturer

Strauss Group Ltd. (Hebrew: שטראוס גרופ בע״מ), formerly known as Strauss-Elite (שטראוס עלית), is an Israeli manufacturer and marketer of consumer foods sold through retail stores. It is among the largest food manufacturers in Israel. Strauss Group focuses on dairy products, coffee, water, snacks, salads, and dips.3 Its shares trade on Tel Aviv Stock Exchange under the symbol STRS.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1933Founded1

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  • TickerSTRS on Tel Aviv Stock Exchange1
  • Industryfood processing1
  • HeadquartersPetah Tikva1
  • Founded inIsrael1
  • Websitewww.strauss-group.co.il
  • Legal formlimited company1
  • Business address120 Broadway, 32Nd Floor, New York, Ny 102715
  • LEI254900GBA9EK5FGVQA804
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered address49 Hasivim st., 4959504 Petach Tikva, Israel4
  • Registered withIsraeli Corporations Authority (Department of Justice), 5200037814

Strauss Group Ltd. (Hebrew: שטראוס גרופ בע״מ), formerly known as Strauss-Elite (שטראוס עלית), is an Israeli manufacturer and marketer of consumer foods sold through retail stores. It is among the largest food manufacturers in Israel. Strauss Group focuses on dairy products, coffee, water, snacks, salads, and dips. Its subsidiary Strauss Coffee is a coffee company in Eastern Europe and Brazil. Strauss Group is a public company traded in the Tel Aviv Stock Exchange, with the majority of its shares (57%) owned by the Strauss family.3

Corporate structure

Strauss Group Ltd. sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Strauss Group Ltd. Petach Tikva, Israel
    • Sabra Subsidiary · 50% · White Plains
    • שטראוס מים Subsidiary · Or Yehuda, Israel
    • Yotvata dairies Subsidiary · Yotvata, Israel

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

History

In 1918, Eliyahu Fromenchenko (also spelled Fromchenko), a Russian Jew, launched a candy business after preparing confections in his home kitchen. In 1924, after the rise of Communism in the Soviet Union, he moved to Latvia and merged the company with Laima in Riga. In 1933, he sold his stakes in Laima and immigrated to Mandatory Palestine.

1933–2004: Elite

Fromenchenko bought property in Ramat Gan and established Elite. Production began in the spring of 1934, with the first product reaching the stores in time for Passover. The company's most popular brand was Shokolad Para, which had an image of a cow (para) on the packaging. As the company grew, factories opened in Safed and Nazareth Illit.

In 1958, Elite launched Israel's first coffee company. Its major competition both for chocolates and coffee was Lieber, which it bought out in March 1970. In 1982, Elite launched its popular "Pesek Zman" line of chocolate bars.

The Israeli snack-food market had been traditionally divided by Elite in the sweets market and Osem in the savoury market. In 1991, Elite decided to expand by entering the salty snack market by establishing a new factory in Sderot and specifically producing "Shush", a copy of the Bamba snack, the most popular snack in Israel made by Osem. Elite became the local licensee of Frito-Lay products, producing the best-selling brand "Tapuchips". Later, Elite started selling coffee outside of Israel, especially in Europe and South America. The initiative, "Café 3 Corações", did not reach its objectives, but it signaled Elite's start as an international company.

Elite was labeled a monopoly by the Israel Antitrust Authority, in the markets of instant coffee, black coffee and chocolate fields, and blamed for abusing its monopoly position. In 2006, Elite–Strauss paid a fine of 5 million NIS, without admission of guilt.

1936–2004: Strauss

Richard and Hilde Strauss, German Jews from Nieder-Olm, immigrated in 1936 to Nahariya in the British Mandate of Palestine and started a dairy farm initially with two cows. Excess production that Richard could not sell was made into cheese by Hilde and soon cheese became the main focus of the business. Dessert products followed. In the 1950s, Strauss added ice-cream products, with about 50 employees in their Nahariya factory.

In 1969, after Groupe Danone purchased a part of the company's ownership, Strauss expanded from ice-cream manufacture into puddings and other individual packaged dairy desserts, most popular of which was "Dani" and, about 15 years later, "Milky". In 1975, Michael Strauss, son of the founders, became the CEO of the company.

In 1995, the company went into the prepared-salads business. The Strauss hummus brand, "Achla", became very popular in Israel. In 1997, the company purchased 50% of the ownership of the Yotvata dairy. In the same year, Strauss purchased Elite and grew to over 7,000 employees and a US$1 billion/year turnover, although the formal merger between the companies did not occur until 2004.

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In 2001, Ofra Strauss, Michael's daughter, became the CEO of the company. In the same year, it acquired the Max Brenner chain of chocolate cafés with locations across Asia, Australia and the United States.

Strauss was cited by the Israel Antitrust Authority as a monopoly in 2004, a status that essentially places the company under government regulation limiting the way it can change the price of its products to protect the consumer and smaller competitors.

2004–2007: Strauss–Elite

Strauss and Elite merged in 2004 to become Strauss–Elite, which, in 2005, acquired control of New York-based Sabra food producing company, to operate as a joint-venture with Frito-Lay, a division of PepsiCo.

In December 2005, Strauss–Elite merged its coffee activity with Santa Clara Indústria e Comércio de Alimentos Ltda in Brazil. The merged company, Santa Clara Participações, is the second largest coffee manufacturer in Brazil.

Since 2007: Strauss Group

In 2007, the company's name reverted to Strauss with a new corporate logo. Strauss Ice Cream was removed from the Strauss Group portfolio and became private with 51% of the company owned by Unilever, and 49% owned by the Strauss family. Strauss ice creams are marketed under Unilever's Heartbrand in Israel and North America.

The Strauss Group has sold the Max Brenner brand in 2017 to some of the franchisees. In 2022, Strauss Group signed a partnership agreement with Brazil’s São Miguel company to extend their partnership for 20 more years. In 2023, Strauss Group boosted its water business in the UK through its subsidiary, Strauss Water, which has finalized a strategic collaboration with Culligan International.

Strauss timeline

1936 – Hilde and Dr. Richard Strauss leave Nazi Germany and arrive with their two-year-old son Peter-Michael at the port of Jaffa port in British Mandate Palestine.

1937 – Settling in Nahariya, they buy two cows and plant crops.

1939 – They sell their 20-cow cowshed and buy a dairy in Nahariya, purchasing milk from neighboring kibbutzim.

1955–1958 – Michael Strauss studies milk technology in Weizmann Institute, Switzerland, and Milkana in Ulm, Germany.

1959 – Due to financial difficulties, Israeli Finance Minister Sapir approves a loan.

1960 – Michael Strauss imports Gervais cheese to Israel.

1962 – Michael Strauss signs an agreement with Gervais, the leading French fresh-cheese producer.

1967 – Gervais merges with Danone to become Gervais Danone. Michael wins three awards in the Israel food exhibition for the Camembert cheese, smoked cheese and ice cream

1968 – Strauss wins the tastiest product award.

1969 – The company partners with Danone, which purchases 28% of Strauss shares. The partnership continues until 1980 when Danone withdraws due to Arab League boycott of Israel.

1972 – Strauss builds a new factory in Nahariya and starts production of "Dani."

1979 – Strauss starts to market "Milky".

1983 – Michael Strauss receives the Israel Prize for Industry.

Mid 1980s – Strauss purchases Golan dairies.

1987 – Michael Strauss is appointed head of the food division of the Israel Manufacturers Association.

1995–1998 – Strategic partnerships are made with Uniliver 1995, Danone 1997 and PepsiCo Frito-Lay 1998 and purchases 15% of Elite shares, 50% of Yotvata dairies, and coffee factories in Bulgaria, Croatia, Turkey.

1998–2000 – Acquisitions are assimilated.

2000 – A new dairy opens in Ahihud to become the most advanced and biggest dairy in the Middle East.

2001 – Strauss appoints Ofra Strauss as the CEO, succeeding her father Michael.

2001–2003 – Strauss purchases Max Brener, has a marketing agreement with Lavazza, partners with Yad Mordechay and purchases the Salats company.

2004 – Strauss and Elite become one company. Strauss becomes publicly traded on the stock market.

2005 – It purchases Sabra Salads Company and enters the North America market and also purchases MK Café company in Poland, merging with Santa Clara coffee of Brazil.

2006 – It launches Sabra in the United States and purchases Carousels via Sabra.

2008 – It partners with PepsiCo for developing and selling dips and spreads in the American market.

2010 – It inaugurates a salads factory in Virginia, the largest salads factory worldwide. Tari extends activities to Western Europe, Serbia, Brazil, Mexico and Australia

2013 – It becomes one company – Sabra-Obela.

2016 – It purchases German coffee factory NDKW Norddeutsche Kaffeewerke GmbH.

2017 – It re-purchases TPG shares in Strauss Café.

2020 - The death of Michael Strauss

Strauss Ice Cream

1940 – Hilde Strauss experiments with ice cream recipes and develops the Strauss recipe, one that would later become the company's iconic product. Her husband Richard Strauss purchases a milk-pasteurization machine. Raya Strauss is born.

1945 – Hilde Strauss's ice cream is introduced in a food exhibition in Tel Aviv.

1949 – Strauss ice cream is introduced to the marketplace.

1962 – Strauss leases an ice-cream factory in Acre for the production of the Exodus and Tilon ice-cream brands.

1968 – Strauss ice cream wins the best-ice-cream award.

1978 – Strauss becomes the leading Israeli ice-cream manufacturer.

1979 – Strauss purchases Witman Ice Cream.

1991 – Strauss establishes the Blue Moon Ice Cream parlors.

1995 – In July, a fire breaks out in the factory.

1995 – In September, Unilever purchases 50% of the ice-cream company.

1996 – The entity merges into Strauss Icecream Ltd.

2014 – Unilever becomes the full owner of Strauss Icecream Ltd.

Strauss Salads

1990 – Strauss purchases Mi Va Mi Salads.

1991 – “Achla” label salads launched.

1992 – Italian Chibby Salads purchased.

1995 – Maadaney Olam Salads purchased

1998 – PepsiCo Frito-Lay purchases 50% of Elite Mazon, a salty-snacks Elite Company.

1999 – Strategic partnership with PepsiCo.

2003 – 50% of ANP salads company purchased.

2005 – Sabra enters the North American market.

2006 – Sabra purchases Carousels.

2008 – Partnership with Pepsico for developing and selling dips and spreads in the American market.

2010 – Salads factory opened in Virginia, largest salads factory in worldwide. Tari, a PepsiCo and Strauss company extends activities to Western Europe, Serbia, Brazil, Mexico and Australia.

2013 – Strauss becomes Sabra-Obela.

From Wikipedia’s article on Strauss Group, shared under CC BY-SA 4.0.6

Products and brands

  • dairy product

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • Yotvata dairies
  • Sabra since 2005

From Wikidata.1

Acquisitions

  1. 2005Acquired Sabra1

Timeline

  1. 1933Founded Founded in Israel1

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 54. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Oasis Management Co Ltd.961,129$27.6M3.2%−172,931
Dimensional Fund Advisors LP380,075$10.9M0.0%−4,153
Vanguard Capital Management LLC309,990$8.9M0.0%−36,245
Bulldog Investors, LLP286,545$8.2M1.8%New
RBF Capital, LLC133,131$3.8M0.2%No change
Bank Of America Corp /de/106,071$3.0M0.0%+99,339
Two Sigma Investments, LP83,187$2.4M0.0%New
Geode Capital Management, LLC79,066$2.3M0.0%−82,306
Susquehanna International Group, Llp74,751$2.1M0.0%New
Russell Investments Group, Ltd.73,726$2.1M0.0%+1,223
Jane Street Group, LLC60,565$1.7M0.0%+53,775
B & T Capital Management DBA Alpha Capital Management47,806$1.4M0.2%No change
Citadel Advisors LLC43,689$1.3M0.0%+31,586
Value Investment Professionals, LLC41,616$1.2M1.0%No change
Vanguard Fiduciary Trust Co41,290$1.2M0.0%−97
Goldman Sachs Group Inc35,473$1.0M0.0%+25,851
Millennium Management LLC27,463$789.6K0.0%New
Crown Advisors Management, Inc.27,356$786.5K0.4%+15,000
State Street Corp21,550$619.6K0.0%−66,586
BlackRock, Inc.19,566$562.5K0.0%−335,816
Northern Trust Corp18,328$526.9K0.0%−34,609
Quadrature Capital Ltd18,296$526.0K0.0%New
Yakira Capital Management, Inc.16,663$479.1K0.1%New
Bridgeway Capital Management, LLC15,450$444.2K0.0%No change
DLD Asset Management, LP15,239$438.1K0.1%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Strauss Group Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARStrauss Group Ltd.2
  • CIK0001445208
  • Business address120 Broadway, 32Nd Floor, New York, NY 102712
  • Phone212-238-30102
  • On EDGAR sinceOct 10, 20082
  • Filings6 in all: F-6EF (4), F-6 POS (2)2