Israeli food importer G. Willi-Foods has predicted a 15% year-on-year jump revenue for fiscal 2006.
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Zwi Williger, president and COO of Willi-Food, commented: “Our growth continues to be driven by new product innovation. We launched several new dairy offerings in late 2006 and have expanded our lines of candies and snacks. Our goal is to capitalise on international demand for these goods by increasing our operations in key markets such as the US and Europe.”
The Gold Frost subsidiary recently announced the acquisition of US kosher food importer and distributor Laish Israeli Food Products. Williger noted that the deal significantly strengthens Willi-Food’s presence in the US market, positioning the company to work towards establishing local and national retailer relationships in the US.
Willi-Food predicted 2006 revenues of US$10.7m and profit before tax of $3.4m, increases of 30% and 55% respectively over 2005’s results.
Williger stated: “The performance of our Gold Frost subsidiary is reflective of increasing demand for our products. Gold Frost is engaged in designing, developing and distributing frozen and chilled food and dairy products.”
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By GlobalDataThe company is due to publish its results towards the end of March.
