Israeli Court Approves 178 Million Shekel Sale of Wipes Manufacturer Dinamic

The Beersheba District Court has approved the sale of the Ashdod-based wipes manufacturer Dinamic to Ronen Elad for 178 million shekels. Dinamic, owned by Yaron Nakran, faced financial difficulties leading to a court order on July 14, 2026, to initiate insolvency proceedings. Subsequently, the court authorized the trustees to invite bids for the company. Dinamic's debts were estimated at 294 million shekels, primarily owed to major creditors Bank Leumi, Mizrahi Tefahot, and Mercantile Discount Bank.

Initially, David Forer and the company Neopharm offered 165 million shekels plus 15% of net profits over four years. However, the court accepted the trustees' recommendation, Avichai Verdi and Alon Fraski, supported by a legal opinion from the Nashitz firm, that Elad's offer had a significantly higher regulatory feasibility. This was because Elad is not considered a competitor to Dinamic, unlike Forer's group, which owns the wipes factory DPL and other pharmaceutical businesses. The trustees emphasized that their decision did not diminish the value of either bid and appreciated both parties' willingness to invest in the company.

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