Shamir Food Industries was sold for NIS3.75m(US$815.000) to Amiram Guy and former controlling shareholder Shimon Draizin, according to a decision of the Tel Aviv District Court Judge Varda Alshech.
Shamir Food Industries was sold for NIS3.75m(US$815.000) to Amiram Guy and former controlling shareholder Shimon Draizin, according to a decision of the Tel Aviv District Court Judge Varda Alshech.
The court, which auctioned Shamir food, favoured the Guy-Draizin group who promised to employ most of Shamir’s employees, even though its offer was lower.
The judge noted that the bids were raised substantially during the auction, “and it was very doubtful if liquidating Shamir Food would achieve higher profits.”
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.
