` Italy’s Nicola Pantaleo Buys Stake in Indian Olive Oil Company

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Italy’s Nicola Pantaleo Buys Stake in Indian Olive Oil Company

Sep. 28, 2012
By Vikas Vij

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A lead­ing Ital­ian olive oil pro­ducer and exporter, Nicola Pan­ta­leo S.p.A., has picked up a 27 per­cent stake in Indian olive oil firm Dalmia Con­ti­nen­tal Pri­vate Lim­ited (DCPL).

DCPL’s Leonardo olive oil brand has a 30 per­cent share of the rapidly grow­ing olive oil mar­ket in India.

Nicola Pan­ta­leo, which bought the stake for an undis­closed sum, expects to achieve a foothold in the large and diverse Indian mar­ket where the con­sumer pref­er­ences are grad­u­ally shift­ing in favor of olive oil.

The funds from the deal will finance Dalmi­a’s aggres­sive mar­ket­ing plans, while the joint ven­ture will ensure a guar­an­teed and steady source of sup­ply for DCPL at com­pet­i­tive rates.

DCPL Chair­man VN Dalmia said: The joint ven­ture con­sum­mated a sup­ply rela­tion­ship that had been in exis­tence since 2003 when DCPL launched its olive oil brand and is the first-ever joint ven­ture in the olive oil sec­tor in India as also the first Indo-Ital­ian joint ven­ture in olive oil in India.”

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DCPL plans to invest about $11 mil­lion over a period of three years to build its olive oil brands and widen its dis­tri­b­u­tion net­work. The com­pany, which has rev­enues of more than $7 mil­lion last year, is aim­ing for a 150 per­cent growth this year based on a tar­geted sales turnover of about $20 mil­lion.

Pan­ta­leo ranks among the top five olive oil exporters in Italy, and is a major exporter to mar­kets such as the United States, Euro­pean Union, Japan, South Korea, Rus­sia, Brazil and Malaysia.



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