Mr Ofer later served in the Israeli army in several of Israel's early conflicts.
The younger generations of the family, who now run the business, recalled Yuli as "a people's person".
"He loved them and invested in them, and they loved him and invested in him," they said. "Yuli was sensitive to every private and public stirring, and he was endowed with an infinite capacity to give to his family, his friends, and his surroundings."