It’s Official: Fosun Buys Ahava For $77M

April 11, 2016 | The Chinese pharmaceutical investment firm Fosun Pharma has officially acquired Israeli Dead Sea cosmetics company Ahava for a total of $77 million. Under the terms of the agreement, Fosun will acquire the holdings from all Ahava’s shareholders including Gaon Holdings, Livnat family, Shamrock Israel Growth Fund Advisors, Kibbutz Mitzpe Shalem, and Kibbutz Kalia. Fosun will wholly own Ahava, which makes skin care products from Dead Sea minerals and mud. Ahava was founded in 1988 and is headquartered in Lod, Israel.