Gad Dairies to Pay Heavy Price as Revealed Secret Could Cost It Millions

In depth

The Competition Authority was about to approve the merger between Gad Dairies and Weiler Farm, but during the review it was found that Gad Dairies had not provided full information regarding a separate cooperation agreement with Rimilk for producing milk without cows. Following the discovery, the Authority delayed approval of the deal and re-examined it.

Gad Dairies will pay 3 million shekels to the state treasury by agreement. The payment was set under an agreed order, without admission of violation, and is subject to approval by the Competition Tribunal. The sum will be included in the company's financial statements for the third quarter of 2026.

The deal with Weiler Farm was on its way to approval, but the engagement with Rimilk did not appear in the information submitted by the company. The deficient response to the Competition Authority is the reason for the fine.