` Pompeian and Dcoop Subsidiary Mercaoleo Announce Partnership - Olive Oil Times

Pompeian and Dcoop Subsidiary Mercaoleo Announce Partnership

Nov. 5, 2015
Erin Ridley

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Pompeian Group, a lead­ing US olive oil brand, and a sub­sidiary of Spain’s Dcoop Group, the world’s top olive oil pro­ducer, have entered into a part­ner­ship through an exchange of shares with the goal to meet the grow­ing demand for olive oil in the US.

Olive oil con­sump­tion in the United States, which cur­rently sits at 1.1 liters of olive oil a year per per­son, has tripled in the last two decades. If such growth con­tin­ues, the US will become the world’s top con­sumer of olive oil.

We want to con­tinue grow­ing, and to do so in the US we need a local part­ner,” explained Dcoop CEO Antonio Luque at this week’s press con­fer­ence in Washington D.C.

See Also: Former Rivals, Deoleo and Hojiblanca, Create Global Olive Oil Giant’

While Dcoop already holds the posi­tion as the world’s largest olive oil pro­ducer, they believe there is room to grow in the US — par­tic­u­larly since they spec­u­late US con­sump­tion could dou­ble in the years to come.

Dcoop brings to the part­ner­ship its 110 coop­er­a­tives located through­out south­ern Spain. The com­pany pro­duces other goods as well, rang­ing from table olives to goat milk, and wine (of which it is also the world’s top pro­ducer). In 2014, Dcoop’s sales reached € 754.9 mil­lion ($821.1 mil­lion), and will rise to a pro­jected €900 ($978.9 mil­lion) mil­lion in 2015.

According to the Baltimore Sun, sales of the Pompeian branded prod­ucts rose 25 per­cent to $212 mil­lion last year, dur­ing which the com­pany imported 30 mil­lion liters (8 mil­lion gal­lons) of olive oil from Argentina, Chile, Greece, Morocco and Spain.

This year, Pompeian said it expects total sales of $405 mil­lion, includ­ing its branded prod­ucts, pri­vate label, bulk trad­ing and sales under the Sunset Olive Oil brand, accord­ing to the Sun report.

Pompeian offers the com­mer­cial capac­ity to pack­age and sell in bulk in the US, where it bills itself as the country’s largest national olive oil brand. Pompeian also sells other prod­ucts, includ­ing vine­gars and cook­ing wines.

Pompeian’s own qual­ity lab was on a short list of tast­ing pan­els accred­ited by the America Oil Chemists’ Society. In 2012, the com­pany became the first and so far only com­pany to par­tic­i­pate in the United States Department of Agriculture fee-based Quality Monitoring Program for olive oil prod­ucts.



    Sources:
    Dcoop
    La Vanguardia
    Baltimore Sun

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