Zol Stock, the second largest company in Israel in the stock sector, which is experiencing significant growth and a wave of new branch openings, has decided to innovate by opening a logistics center with an area of approximately 18,000 square meters in Kiryat Shmona.
The company, which is owned by the ultra-Orthodox businessman Ronen Ganon, has been negotiating in recent months to establish a huge, central logistics center that will provide service to all parts of the country, and the natural choice was Modiin in the center of the country, due to the high accessibility to the various regions.
The company explains that choosing Kiryat Shmona is not just a function of operations and logistics, but a value-based decision designed to restore economic activity, jobs and trust to a city that was severely damaged by the war. "After we were exposed to the difficult situation in Kiryat Shmona, there was no question. We immediately decided to change direction and establish the Marlog in Kiryat Shmona in order to help the city in particular and the residents in general to rebuild and recover.
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""We at the Zol Stock network see great importance in this ideological support for the reconstruction of the north and are now investing tens of millions of shekels in Kiryat Shmona out of faith and a mission to restore life, residents and growth to the city that was a defensive line in the War of Rebirth.".
Establishing a logistics center in Kiryat Shmona will provide the city with additional workforce, initially recruiting approximately 30 employees.
The Zol Stock chain has undergone a significant transformation in the last three months, after the Ganon Group, owned by the Haredi entrepreneur and businessman Ronen Ganon, purchased businessman Eitan Yochananoff's (50%) share of the Zol Stock chain, which currently has annual sales of over 500 million shekels.
The company's value was 96 million shekels, with Gannon paying half of the amount - 48 million shekels - and now holds 501% of the ownership of 'Zol Stock', alongside Adir Vanuno (301% of the shares) and Saar Kochavi (201% of the shares).
The chain recently opened 6 new branches, with the 91st branch of the chain opening last night (Sunday) in Harish, measuring 800 square meters. The chain intends to expand its operations and reach 150 branches within the coming year, and as part of this accelerated move, it has begun establishing large logistics areas.
Ultra-Orthodox entrepreneur Ronen Ganon sent a personal appeal to all entrepreneurs and investors: "This is the time to support the North and help it recover. This ideology is the strength of our people. The distance and the additional cost of change do not bother us because only together with faith and solidarity will we rebuild Kiryat Shmona and restore hope to the residents.".
The company's management also expressed its appreciation to Mayor Avichai Stern, who put in all his effort and greatly assisted in realizing the vision of bringing such a large anchor to the city that would cause giant companies to follow suit.
Kiryat Shmona Mayor Avichai Stern: "This is significant news for the rehabilitation of our city. Zol Stock, one of the leading companies in Israel, brings with it employment, business activity and new life to Kiryat Shmona. It is exciting to see the trust of the large bodies in the economy that are actually doing what the state is not doing. The Kiryat Shmona Municipality will continue to do everything in order to attract large chains, companies and businesses, because that is the only way to grow a city and ensure a stable and prosperous future.""
