YAVNE, Israel, April 11 /PRNewswire-FirstCall/ -- G. Willi-Food International Ltd. (NASDAQ:WILC) (the "company" or "Willi Food"), one of Israel's largest food importers and a single-source supplier of one of the world's most extensive range of quality kosher food products, today announced that it had closed its previously announced transaction with the Baron Family (an unrelated third party), kosher food exporters located in Israel, to form a joint kosher trade and export company. As previously announced, the company holds a 50.1% interest in the new company, and the Baron family holds the remaining interest, and under the terms of the agreement between the parties, all of the current food export operations of the Baron family will be executed under the new entity.

From the April 23, 2007, Prepared Foods e-Flash