The cost of a recall and plant closure due to Salmonella contamination is to be more than initially predicated, according to Strauss Group.
The company updated the estimated damage to net profit for 2022 due to the recall and shutdown of the plant in Nof Hagalil, Israel to a range of Israeli New Shekel (NIS) 290 to 310 million ($ 84.8 to $ 90.7 million).
In May, estimates showed the confectionery recall and closure of the factory would impact net … Read the rest