ISRAEL/US: G. Willi-Food enjoys robust Q1
Kosher food producer G. Willi-Food has posted robust first-quarter results thanks in part to the acquisition of US importer Laish Israeli.
The company saw underlying operating profits leap 59% to US$2.4m with sales climbing 31% to $17.2m.
G. Willi-Food said the results were "driven by the consolidation of Laish Israeli and the joint venture with the Baron Family, as well as by a strong overall Passover holiday season".
President and COO Zwi Williger said: "We increased sales among both new and existing customers in Israel with our innovative products, and enhanced global penetration with our newly integrated international activities."
Companies: G. Willi-Food International
G. Willi-Food International said today that its Gold Frost Ltd. subsidiary has signed a deal with the owners of a Denmark-based manufacturer of kosher dairy products to form a joint company....
Food importer and kosher food supplier G Willi-Food International has signed a binding term sheet with the owners of a Russian dairy distributor to form a new joint company....
Israeli food group G. Willi-Food has signed a deal to buy a majority stake in a Russian poultry firm belonging to new owner Arcady Gaydamak, the Israeli-Russian billionaire....
Israeli food group G. Willi-Food has forecast that annual turnover could soar by up to 40% as demand for kosher products gathers apace....
The majority owners of G. Willi-Food Investments have closed the deal that has seen them sell 42% of the outstanding shares of the company....
Kosher food specialist G. Willi-Food International has said it expects revenue growth of around 29% for the first half of the year....
Danish dairy giant Arla Foods has extended its distribution deal for the Israeli market. Gold Frost, Arla's distributor in Israel, said the initial agreement, signed in 2005, has been extended until 2...
Kosher food specialist G. Willi-Food International has expanded its finance team, the company has announced....
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