Landa Digital Printing Granted Court Protection

Landa Digital Printing Granted Court Protection

The Central District Court has granted Landa Digital Printing a stay of proceedings until the end of August, providing the company with temporary protection from creditors as it seeks a buyer or debt settlement plan, according to Globes.

The Israeli company, founded by serial entrepreneur Benny Landa, filed for this protection under a Title 10 reorganization plan to gain time for negotiations with strategic partners or investors. On July 10, the court approved its request, appointing CPA Shlomi Filiba and Adv. Sigal Rozen-Rechav as administrators of the settlement process.

Landa Digital Printing, known for its pioneering Nanography printing technology introduced at drupa 2012, accumulated debts totaling NI$ 1.7 billion (US$ 510 million). These liabilities arise mainly from investor loans and purchases of raw materials. According to its application, all debts are to secured creditors, with NI$ 900 million (US$ 270 million) of creditor support for the stay of proceedings. The company also owes NI$ 25 million (US$ 7.5 million) to Mizrahi Tefahot Bank, alongside additional debts to employees and suppliers.

The company has raised a total of $1.3 billion from powerful European and Asian investors, including Germany’s SKion and Altana, and the Singaporean-Swiss fund Winder. However, these investors decided not to continue supporting the company due to the ongoing war in the Gaza Strip.

Landa’s financial crisis was deepened by prolonged and costly development processes. Although over 51 Landa presses are installed in 14 countries, each press costs more to manufacture than its selling price of approximately $3.5 million to $4 million. The business model relies on long-term consumable and maintenance revenues, but falling capital equipment sales, compounded by global economic uncertainty and Israel’s wartime mobilization, drove its operating costs in early 2025 to nearly four times its average monthly revenue.

Two weeks prior to filing for protection, the company laid off more than 100 employees, reducing its workforce from around 500 to an expected 250–300. Benny Landa himself invested $200 million in the company over the years, though his involvement has declined recently.

The Commissioner of Insolvency and Financial Rehabilitation Proceedings supported the application, as did more than 200 employees represented by Adv. Liza Hadash, who confirmed that salaries for June and July would be paid. Additionally, thirty international customers wrote to the court supporting the settlement to ensure business continuity. However, 25 employees represented by Adv. Offir Ronen objected, arguing that formal insolvency proceedings and a receiver-led auction for the company’s sale would be preferable.

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