28 Jul

Brazil Discovers Olive Oil

by Joel Santos Guimarães Last year, Brazilian imports of the product totaled US$ 170 million. Of this total, 54% came from Portugal. And the forecast is for growth to continue as, this year, expansion of 20% is expected in comparison with 2007. Two reasons are given for the market growth: the first is that Brazilians […]

21 Jul

Unilever sells Bertolli olive oil to Grupo SOS for 630 million euros

International food manufacturer Unilever Plc. said it has sold its Bertolli olive oil and vinegar business to Grupo SOS for 630 million euros. Unilever said the transaction includes the sale of its Italian Maya, Dante and San Giorgio olive oil and seed oil businesses, and the factory at Inveruno, Italy. The company said it will […]

10 Jul

Unilever to sell Turkish Olive Oil business

Unilever Plc. said it has signed a definitive agreement to sell Komili, the olive oil brand that it owns in Turkey, for an undisclosed price to Ana Gida, part of the Anadolu Group and expects to close the deal in 2008. The international food manufacturer said the transaction is part of its announced plans to […]

04 Jun

SOS eyes ‘many’ olive oil companies; admits interest in Unilever’s Bertolli

SOS Cuetara SA is studying the acquisition of ‘many’ olive oil companies and has admitted its interest in international food manufacturer Unilever Plc.’s Italian olive oil brand Bertolli, according to SOS chairman Jesus Salazar. Speaking to Thomson Financial News on the sidelines of a small-midcaps forum, Salazar said that it is studying ‘many companies’, and […]

14 May

Australia’s largest olive oil company is expanding into Argentina.

Boundary Bend Limited, based in north-western Victoria, says it doesn’t make financial sense to put new plantings in Australia, while water prices are high and reliability of water is low. Rob McGavin from Boundary Bend says there are some advantages to farming overseas. “The land and water package in Argentina is less than ten per […]