Israeli-based G. Willi-Food International sells 51% ownership interest in Shamir Salads to Shamir shareholders
January 3, 2012
– G. Willi-Food International Ltd. (NASDAQ: WILC - News) (the "Company" or "Willi-Food"), a global company specializing in the development, manufacturing, marketing and international distribution of kosher foods, today announced the closing of the sale of its entire 51% ownership interest in Shamir Salads (2006) Ltd. ("Shamir Salads").
Since the agreement between Willi-Food and other shareholders of Shamir Salads was announced by the Company on December 18, 2011 , the agreement was granted the status of an arbitration award and that award received the approval of Tel Aviv District Court. Having satisfied all conditions to the sale, the sale closed on January 1, 2012 .
About G. Willi-Food International Ltd.
G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, manufacture, marketing and distribution of over 1,000 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,500 customers in Israel and around the world including large retail and private supermarket chains, wholesalers and institutional consumers. The company's operating divisions include Willi-Food in Israel ; Gold Frost, a wholly owned subsidiary who designs, develops and distributes branded kosher, dairy-food products; and Shamir Salads, an Israeli manufacturer and distributor of a broad line of over 400 Mediterranean-style chilled salads.