ltd. type cooperative industry food processing founded 1926 products dairy products meat pastries revenue 7.64 billion 2011 net income 428 million 2011 owner bright foods 56 % number of employees 6 630 website en.tnuva.co.il tnuva or tenuvah hebrew fruit or produce is a cooperative co op in israel historically specialised in milk and dairy products controlled by a chinese state company since 2014 . the 620 members of the cooperative are made up of a large number of kibbutzim collective farms and moshavim agricultural communities . tnuva is the largest food manufacturer in israel ; its sales account for 70 % of the country s dairy market as well as sales of meat eggs and packaged food . contents 1 history 1.1 the cottage cheese protest 2 references 3 external links history edit tnuva central cooperative for the marketing of agricultural produce in israel ltd. was created in 1926 following a decision by kibbutz movement leaders to make cooperatives to distribute and export several types of food products . tnuva was created as a result but at first only delivered regular milk for drinking . it expanded to cover other dairy products in the 1930s . tnuva was labelled by the israel antitrust authority as a monopoly 1 a status that essentially places the company under government regulation limiting the way it can change the price of its products in order to protect the consumer and smaller competitors . in 2006 it was reported that the markstone capital partners fund was interested in purchasing tnuva and its assets for about 750 million . the general manager arik reichman valued the company at between 800 million to 1 billion . 2 another obstacle to selling the company or even a large minority share was the need to convert the cooperative to a company which would require the approval of a majority of the members . on 20 november 2006 apax partners worldwide llp a london based buyout firm won a tender to buy control of tnuva . the bid valued the privately held food and dairy group at 1.025 billion larger than strauss elite ltd. and osem investments ltd. the two largest publicly held israeli food companies . in june 2011 israeli consumer action groups called for a customer ban on tnuva products . 3 in 2012 tnuva s romanian branch went into bankruptcy . on 21 may 2014 a controlling interest in tnuva was bought by the chinese food conglomerate bright foods . the company paid 2.5 billion for a 56 % holding purchasing the shares from apax and other investors . 4 the cottage cheese protest edit see also cottage cheese boycott in september 2011 a class action was started alleging that tnuva abused its position to raise cottage cheese prices by more than 40 % between 2006 and 2011 . 5 prof. avia spivak and dr. meir amir claimed that between 2009 and 2010 the price of cottage cheese increased 12 % while its production cost decreased 4 % leaving no doubt that tnuva took advantage of its monopoly to repeatedly raised prices . 5 the academics claimed this was unreasonable not to mention immoral and could be carried out only by a monopoly . 5 witnesses for the company claimed the price changes were caused by increased retailer profit margins an issue spivak and amir claimed could be resolved by publishing wholesale figures . 5 references edit http www.nfc.co.il archive 001 d 47094 00.html tag 7 43 05 http www.globes.co.il serveen globes docview.asp did 1000135652 & fid 942 dovrat meseritz adi 16 august 2011 . boycott who tnuva kept cottage cheese market share . haaretz . retrieved 17 april 2012 . http www.timesofisrael.com chinese state company buys controlling stake in tnuva a b c d ora coren 11 march 2012 . tnuva milked over nis 100m excess profit from israel s dairy market . haaretz . retrieved 11 march 2012 . external links edit wikimedia commons has media related to tnuva . tnuva international website english tnuva israel website hebrew tnuva romanian website romanian retrieved from https en.wikipedia.org w index.php title tnuva & oldid 729636321 categories apax partners companiesdairy products companies of israelfood and drink companies of israelisraeli brandsjewish businesses established in mandatory palestinecompanies established in 1926hidden categories use dmy dates from november 2012articles containing hebrew language textcommons category with local link same as on wikidataarticles with hebrew language external linksarticles with romanian language external links navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages 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