G Willi-Food International has announced that its subsidiary Gold Frost has made a successful debut on London’s AIM market.
Gold Frost shares opened on the AIM on 9 March trading at GBP0.35 (US$0.61m). At the close of the first two trading days, nearly 1.5m Gold Frost shares changed hands with the share price rising to GBP0.44.
“We are pleased with the initial success of Gold Frost’s listing on London’s AIM Market,” said Willi Food’s president and CEO Zwi Williger. “The kosher food market is a global industry worth $33.6bn annually. Gold Frost specialises in developing non-kosher dairy foods for the kosher market, making it possible for kosher and health conscious consumers to enjoy modern day food products otherwise not available to them.”
Gold Frost accounted for around 22% of Willi Food’s consolidated sales in 2005.