Carmel Agrexco

Agrexco went into liquidation on August 2011 with debts of €175 million ($217 million), mainly owed to its bondholders that were mostly Israeli Institutional investors. In 2011, the Israeli court approved the offer of Gideon Bickel and Chen Lamdan to purchase the Company for 17.6 million ILS in cash and 24.4 million ILS contingent on future performance of the Company.

The name "Agrexco" comes from the English words "Agriculture Export Company". "Carmel" is the internationally recognized brand name used by Agrexco for fresh produce exports from Israel.