The future is looking considerably brighter for Israeli export giant Agrexco, despite the current freezing of proceedings that the company is operating under following a ruling by the District Court in Israel.
Dr Shlomo Nass, the court-appointed trustee and temporary acting managing director, told Eurofruit today that there has been strong interest in the company, and that a new investor would be in place 'in the next two weeks' to take ownership from the Israeli government.
'We have had 15 different organisations approach us about possible investment, some from Israel and some from outside of Israel, although of course they may not all make offers,' Nass explained. 'Agrexco represents a great opportunity for an investor to step in and take on a famous, strong name, that is already established with connections across the world. What is important is that the new owner receives a clean company that can be taken on and very easily managed.'
Dr Nass confirmed reports that David Bondi, who had held the position of CEO since late last year, had left his position, although he continues to aid in the search for investment. In addition, he noted that all professional staff continued to work as normal through the two-week freezing period, although there had 'naturally been some slowing down' of operations.
'I firmly believe that through working together with marketing chains and with clients, we will see Agrexco continue as a strong and successful company going into the future,' he added.
The full story will be reported in the August issue of Eurofruit Magazine
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