- Previous Irish bidder Total Produce no longer looking to buy Agrexco
- Clear pattern of boycotted companies entering financial crisis
- Boycott campaign increases international pressure on Israel
FOR IMMEDIATE RELEASE, 15 August 2011
It emerged Thursday that Irish company Total Produce was no longer in the running to buy troubled Israeli exporter Agrexco. The Irish fruit company dropped out of the running after pressure from Boycott Divestment and Sanctions (BDS) campaigners, who had written because of Agrexco’s involvement in illegal West Bank settlements.
BDS campaigners in Ireland reacted swiftly to a call by the BDS National Committee (BNC) and wrote to Total Produce explaining how Agrexco was involved in the illegal and immoral occupation and exploitation of Palestinian land, urging them not to invest in Agrexco. They also warned the company that investment in Agrexco would turn Total into the next target of the BDS campaign.
“There is now a clear pattern of companies targeted by BDS campaigners going into serious financial meltdown” said Adel Abu Ni’meh, head of the Palestinian Farmers’ Union (part of the BNC). “Agrexco and Veolia, two major companies strongly linked to illegal Israeli settlements are both in serious trouble now. This shows that BDS hits companies complicit in Israeli occupation, colonialism and apartheid where it hurts: their bottom lines”.
The news come only days after Veolia, a French company targeted by the BDS campaign because of its involvement in illegal Israeli settlement projects, announced it would massively scale-back its global operations.
A Tel Aviv judge gave Agrexco bankruptcy proceedings a final extension Thursday, as Israeli company Kislev now seems to be the only serious buyer, according to Israeli financial news website Globes. There was one other bid from a Dutch company, but the judge dismissed it as “having more holes than Swiss cheese”.
Agrexco has been a prime target of Palestinian solidarity activists calling for BDS against Israel until it ends its illegal and criminal policies against Palestinians.
A new coalition of European campaigners last month promised to “put an end to Agrexco’s presence in Europe”. Twenty-three groups signed a declaration saying they had established mechanisms to coordinate boycott campaigns and court actions against the Israeli exporter.