Arvos extends reach with Père Olive acquisition

Spanish table-olive supplier Arvos has acquired the Belgian concern Père Olive, adding chilled Mediterranean varieties to its operations.

Financial presumption of the woody were not disclosed.

The transaction, finalised connected 17 April, sees Arvos bargain Père Olive from France’s Labeyrie Fine Foods, which had owned the concern since February 2016.

Père Olive volition proceed to spouse with Labeyrie Fine Foods successful Europe nether existing commercialized arrangements.

The acquisition allows Arvos, formerly AG Olives Group, to grow its portfolio beyond ambient products to see a scope of chilled array olives, antipasti and dips.

"By combining ambient and chilled capabilities, the acquisition brings greater consistency, flexibility and extent for retailers,” Francisco Escalante, the CEO of Arvos, said successful a statement.

Père Olive, established successful 1993 by Eric Maes, volition clasp its existing marque sanction and team, with day-to-day operations remaining unchanged.

The company’s chilled accumulation operations successful Belgium volition beryllium integrated with Arvos’ sourcing and olive accumulation web successful Spain and Greece.

According to Arvos, the caller ownership volition connection the Belgian steadfast “greater scale, broader concern capabilities and deeper class expertise crossed backstage statement and branded Mediterranean products”.

The woody forms portion of the motorboat of Arvos arsenic an “integrated planetary olive company”.

The acquisition brings unneurotic California-based Bell-Carter Foods, AG Olives from Spain, Georgoudis from Greece, and present Père Olive, supplying customers successful implicit 80 countries.

Arvos said the operation connects sourcing astatine root with concern processing and section marketplace execution, offering retailers a much “coordinated” mode to negociate the category.

“Our extremity is simple: to marque the olive class easier to tally and much reliable for our customers,” Escalante added.

Père Olive’s works successful Andenne, Belgium, volition go Arvos’ European hub for chilled Mediterranean merchandise improvement and innovation.

Hugues Chamberlan, the works manager of the Andenne factory, said: "Joining Arvos gives america a stronger presumption for semipermanent maturation portion preserving the qualities that specify Père Olive - quality, authenticity, agility and adjacent lawsuit relationships."

Just Food has asked Arvos to corroborate the revenues of the combined businesses and however branded income comparison to backstage label.

"Arvos extends scope with Père Olive acquisition" was primitively created and published by Just Food, a GlobalData owned brand.

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