Gad Dairy Fined NIS 3 Million for Inadequate Response to Competition Authority
Translated & summarized from TheMarker by baba
Gad Dairy will pay NIS 3 million to the state treasury due to an inadequate response to the Competition Authority regarding its acquisition of Meshek Weiler. The fine will be reflected in the company's third-quarter 2026 financial reports. The Competition Authority investigated the merger of the dairy producer with the tofu and milk alternative company.
The story in 4 lines · by baba
- Gad Dairy fined NIS 3 million for inadequate response to Competition Authority.
- The fine relates to Gad Dairy's acquisition of Meshek Weiler.
- Meshek Weiler produces tofu and milk alternatives.
- The fine will be included in Q3 2026 financial reports.
Gad Dairy will pay NIS 3 million to the state treasury as part of a consent order. This penalty stems from an inadequate response to inquiries from the Competition Authority regarding the company's acquisition of control over Meshek Weiler, a producer of tofu and milk alternatives.
The company provided only a partial response to the Competition Authority concerning the merger with Meshek Weiler. The NIS 3 million fine will be included in the company's financial reports for the third quarter of 2026.
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