Tuesday, October 7, 2025
Industry NewsFIMI acquires Landa Corporation

FIMI acquires Landa Corporation

-

FIMI acquires Landa Corporation

-

A debt restructuring plan for Landa Corporation, the digital printing company founded by entrepreneur Benny Landa, has been approved by a Central District Court in Israel. Under the approved plan, Israeli private equity firm FIMI Opportunity Funds will take full ownership of Landa Corporation and inject USD 80 million (£64 million) into the business. The company had previously sought court protection in July after accumulating debts of around USD 460 million (£368 million). The court appointed attorney Sigal Rozen-Rechav and CPA Shlomi Filiba to manage the restructuring process.

Judge Hana Kitsis, who handled the case, explained that the approved arrangement would allow the company to continue its operations and secure most of its workforce’s jobs. She pointed out that liquidation would likely yield minimal returns, given that most of the company’s customers are outside Israel and its local assets largely consist of machinery.

“Approval of the debt arrangement will allow many employees to retain their jobs and source of income while preserving their full rights,” Judge Kitsis wrote in her ruling. “On the surface, it appears that any gains from a liquidation alternative would be minimal.”

Additionally, FIMI partner Gillon Beck acknowledged the serious financial difficulties Landa Digital Printing is facing, revealing that the company has been incurring losses of approximately USD 150 million (£120 million) annually – about USD 12 million (£9.6 million) per month.

Beck stated that FIMI’s recovery strategy envisions a three-year period to stabilise the company. He highlighted the crucial role of maintaining relationships with key suppliers, due to the firm’s lack of in-house production capacity. He also stressed the broader economic and technological importance of the restructuring, noting that it would help preserve jobs in Israel and maintain access to valuable intellectual property.

NewsDesk
NewsDesk
The editorial team of The Packman who handle all the press releases with Sunil Jain working as the desk editor.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

IMCD to showcase sustainability survey insights and future-focused expertise at K 2025

IMCD Group, a global leading partner for the distribution and formulation of speciality chemicals and ingredients, will be at...

Siegwerk to showcase sustainable packaging solutions at Sustainable Packaging Summit

Siegwerk, one of the leading global providers of printing inks and coatings for packaging applications and labels, will participate...

UPM ends paper production in Kaukas

End of July 2025, UPM announced plans to permanently end paper production in Kaukas and to shift its coated...

NextGen Label Group expands capabilities with new Nilpeter 22 press

NextGen Label Group, United States, a leader in advanced labeling and packaging solutions, announced a new capital expenditure aimed...
- Advertisement -spot_img

Saravana Graphicss expands packaging capabilities with Heidelberg Speedmaster CX 75

Saravana Graphicss, a trusted name in garment packaging and commercial print, has strengthened its production capabilities with the installation...

Strong sales and innovation mark Rotocon’s debut at Labelexpo Europe 2025

Rotocon’s debut at Labelexpo Europe 2025 was marked by a dynamic presence, where live press and finishing demonstrations attracted...

Must read

Brilliant Polymers invests INR 100 crore in strategic capacity expansion

India’s leading manufacturer of laminating adhesives for flexible packaging,...

Baumer hhs becomes drupa packaging touchpoints partner

Baumer hhs will be an Advanced Partner of the...

You might also likeRELATED
Recommended to you