Israel’s kosher foods company G. Willi-Food, has entered into an exclusive distribution agreement with the Danish producer of dairy products, Arla Foods. The deal was signed by G Willi’s wholly owned subsidiary Gold Frost Ltd.
Under the Agreement, Arla granted Goldfrost an exclusive right to import, export, market and distribute cheese and butter products manufactured by Arla in Israel. Goldfrost’s exclusivity is subject to its purchase of certain minimum quotas of Arla products.
In addition, Arla has the right to terminate the Agreement under certain circumstances, including in the case of the death or permanent incapacity of Mr. Zwi Williger or his ceasing to be involved in Goldfrost’s business.
Mr. Zwi Williger, Chairman of the Board, said, “We are pleased that Arla, one of the biggest producers of dairy products in the world, has demonstrated its confidence in us. After 10 years of cooperation with us, Arla has agreed to provide us with an additional five years of exclusivity in distributing their cheese and butter products in Israel.”