Sector News

Deoleo announces investments of 50 million Euro

April 9, 2018
Consumer Packaged Goods

Spanish multinational Deoleo, the world’s top selling olive oil bottler and processing company, has announced investments of 50 million euro to drive its ambitious growth plans.

The investments will focus on international markets with high growth potential, increased support of the company’s leading brands and on forging strategic business agreements with providers that are committed to quality.

Deoleo, which currently represents 10.4% of the total global olive oil market, plans to further strengthen its award-winning brands: BERTOLLI®, Carbonell and Carapelli. Deoleo will deliver commercial innovation through the global refresh of the world-leading Bertolli brand, the launch of our premium range under the Carapelli and Hojiblanca brands in Spain, a renewed product range for Carbonell and the introduction of table olives with the launch of a new premium line in 2018 under the Bertolli and Carapelli brands.

“These investments reflect confidence in our management expertise and business plans, all of which are set to positively impact Deoleo’s results across global markets” said Deoleo’s Chairman and CEO Pierluigi Tosato. “The new financial capacity will allow us to increase investment in our brands in key markets and to build even closer ties with providers which, like Deoleo, are committed to quality, innovation, traceability and, above all, to creating shared value in our sector”.

The financing will be provided through a combination of an extension by 25 million euro of an existing revolving credit facility, as well as a capital increase through preferential subscription rights for a further 25 million euro.

Deoleo Chief Commercial Officer Miguel de Jaime highlighted “The increased financial capacity combined with our newly achieved operational flexibility and efficiency, will enable us to harness real market opportunities and drive growth thanks to unique quality products and premium brands, allowing us to respond to ever growing demand from customers who value health, social wellbeing, transparency, quality and sustainability.”

Source: Deoleo

comments closed

Related News

May 17, 2024

IFF announces CFO retirement plan

Consumer Packaged Goods

IFF has announced that its chief financial and business transformation officer, Glenn Richter, will retire on 31 December 2024, following a three-year tenure with the company. IFF has initiated the process of selecting a successor for the CFO position, considering both internal and external candidates.

May 17, 2024

Saputo’s president and CEO to depart from role

Consumer Packaged Goods

Saputo has announced that its president and CEO, Lino Saputo, will transition to the role of executive chair of the board. The transition is set to take place on 9 August, when Carl Colizza, the company’s current president and COO for North America, will assume the position.

May 17, 2024

Nestlé to invest BRL 1bn to strengthen Brazilian coffee sector

Consumer Packaged Goods

The coffee giant said the funding will be used to install new tech, such as roasting equipment, increasing production line flexibility to make new products and flavours – including higher value-added products, – and technology updates to improve sustainability.

How can we help you?

We're easy to reach