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June 18, 2012
From the Leadership
June 18, 2012
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Procter & Gamble and Teva Win Deal of the Year, Alpha Omega Wins Israeli Company of the Year at 11th Annual Eagle Star Awards Gala

 P&G receives “Deal of the Year”      Alpha Omega receives “Israeli Company of the Year”
 Bob Deutsch receives “Chamber Founders Award”      Roee Madai receives “Community Partner Award” on behalf of the Israel Economic Mission to the South

The Eagle Star Gala is AICC’s community flagship event, honoring the people and companies who have contributed most to the Southeast-Israel business relationship.  In addition to awarding the Israeli Company of the Year and Deal of the Year, the Chamber also recognized Asheville, North Carolina attorney Robert Deutsch with the Chamber Founders Award and the Israel Economic Mission to the US South with the Community Partner Award.

Deal of the Year – Procter & Gamble / Teva:

  • Procter & Gamble and Israel-based Teva Pharmaceutical Industries created a joint venture, PGT Healthcare, to sell over-the-counter medicines that will combine Teva’s expertise in drug marketing with P&G’s expertise in branding to expand their presence in the $200 billion consumer healthcare industry. 
  • In connection with the formation of the joint venture, P&G sold its OTC plants in Greensboro, NC, which produces Vicks, and in Phoenix, Arizona, which produces Metamucil. It will transfer the employees of both plants to Teva which will be the manufacturer and supplier for the PGT Healthcare business and P&G’s North American OTC business. 
  • The North Carolina facility will continue existing product lines, and with retooling, it will gain more sophisticated capabilities to manufacture new products, thus retaining and increasing much needed employment in Greensboro.

Israeli Company of the Year – Alpha Omega:

  • Nazareth Illit-based company with its US headquarters in Atlanta develops, manufactures and markets microelectrode recording and stimulation devices for neurosurgery and neuroscience. 
  • Their products can be found in the best hospitals, universities, and research institutes around the world based on superior technology, service, and personal attention through a global professional sales and support team and network of worldwide partners. Competes in the same markets as many large companies such as Medtronic and St. Jude.
  • For the past 4 years, achieved profitability with a CAGR of more than 15%, with employment growth in US office since it was established in 2002, and with 28 employees worldwide.

Jonathan Medved, one of Israel’s most celebrated entrepreneurs and high tech venture capitalists who was prominently featured in the bestselling Start Up Nation, was the keynote speaker. The New York Times named him one of the top 10 most influential Americans who have impacted Israel.  He praised AICC as a key connector in the US for these Israeli companies.

Other Deal of the Year Finalists

  • Arris / BigBand Networks: Suwanee, GA-based ARRIS Group acquired BigBand Networks for $172 million in 2011. Founded in Tel Aviv in 1998, BigBand continues to maintain its R&D operations in Israel.  For several years, ARRIS has been interested in acquiring Israeli technology, having served as a major corporate sponsor of the AICC-organized US-Israel Broadband Business Exchanges held in Atlanta in 2005 and 2006.  Previously, they partnered with Modi’in-based Resolute Networks on a joint venture R&D project that received a major grant from the BIRD Foundation.
  • IDEA Biomedical / MUSC: Rehovot-based IDEA Bio-Medical and Charleston-based Medical University of South Carolina (MUSC) announced that they have completed the sale of IDEA Bio’s Hermes WiScan® system to MUSC’s Center for Drug Discovery.  The device is a breakthrough biological cell imaging desktop system that enables researchers, at all levels, to run a wide variety of biological applications at the push-of-a-button, using an extremely easy-to-use (tablet-style) touch screen mechanism.  The company offers a base system that meets most research needs, and an additional set of modular packages like Live Cell, Object Mapping, and more.

Other Israeli Company of the Year Finalists

  •    Amiad: Galil Elyon-based company merged with Bet Zera-based Arkal and relocated their US headquarters to a 40,000 sq. ft. office / warehouse / fabrication facility in Mooresville, NC.  Produces equipment for filtration and water treatment, micro-irrigation and membrane protection, wastewater and potable water treatment.  Currently has 60 US employees with plans to grow the business to $50 million by 2012.
  •    Shalag: Kibbutz Shamir, Upper Galilee-based global producer of nonwovens with focus on the hygienic and wipes markets.  Using the most technological methods and professional know-how, they offer a wide product range using various fiber blends and calendar embossing patterns.  In 2010, invested $17 million in a new manufacturing facility in Oxford, NC, creating 42 jobs initially, with an another $17 million investment in 2012 to bring on an additional line.  Total investments are now $54 million with plant expansion of 60,000 sq. ft. and expectation of 75 employees by end of year and up to 100 with the expansion of a third line.
    Other Deal of the Year Finalists

The event website, http://2012.eaglestargala.com/ features all the event details.  Sponsors were DeutscheBank Alex.Brown, The Coca-Cola Company, and The InterTech Group (Gold Sponsors); Atlanta Jewish Times, GlobalAtlanta and AM1690 / Newstalk 1160 (Media Sponsors); Verint Systems (Silver Sponsor); BDO, Ernst & Young, Consulate General of Israel,  Smith Gambrell & Russell, Emory Goizueta Business School, Given Imaging, Israel Economic Mission to the US South, Habif Arogeti & Wynne, Fish & Richardson, Grant Thornton, Jones Day, and Pull-A-Part (Bronze Sponsors); Aarons Grant & Habif, Baran, Ballard Spahr, Cresa, Georgia Ports Authority, Nelson Mullins, McGriff Seibels & Williams, Georgia Power, SRI Travel, and Dale M. Schwartz & Associates (Patron Sponsors).

Guy
Guy

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