Italian olive oil producer Olio Dante is planning to expand globally with the help of an international investor.
Trinity Investments is investing €20 million in the family-run company, having already paid 50 per cent, while the second payment will be made during the first half of this year.
The partnership will last five years and, at the end of that period, there is a possibility for the Montesarchio-based company to go public.
The financial injection will contribute to the implementation of Olio Dante’s new strategic plan that foresees entry into the US market and the boosting of the brand in Asia and Oceania, where the company is already present.
The project also includes the arrival of top managers to be followed by subsequent phase of corporate and financial restructuring, including a restructuring plan that will also include banks.
According to Olio Dante’s chairman, Biagio Mataluni, this operation will enable the company to be present in the markets where there is high demand for Italian food products.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
