Landa Digital Printing’s financial crisis reached a dramatic point this week, according to CTech, as creditors weighed an $80 million takeover bid from Israeli investment firm FIMI. At tense meetings lasting more than 10 hours, most creditors expressed support for transferring ownership to FIMI. However, opposition came from Vitania, which is owed NIS 220 million in future rent for a purpose-built facility. Additional controversy was sparked by a late addendum to the restructuring plan that sought to release Landa executives, including founder Benny Landa, from legal claims—a move some creditors challenged as unnecessary given existing insurance coverage.

In a striking disclosure, FIMI partner Gillon Beck revealed that Landa Digital Printing has been losing around $150 million annually, translating to $12 million each month, with cumulative losses over time estimated at $1.8 billion. Beck outlined a three-year turnaround strategy designed to stabilize operations, protect jobs, and preserve patents and technologies. Critical suppliers, he emphasized, would be prioritized since the company has no production equipment of its own and is heavily dependent on them to maintain output.

Arrangement managers have already confirmed that the debt restructuring proposal aligns with FIMI’s plan, signaling a clear path forward if creditor approval is secured. Beck stressed both the difficulty and the opportunity of the deal, framing it as essential not only for creditors but for the long-term survival of Landa’s printing technologies in Israel.