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Cargill India Buys Olive Oil Business From Dalmia

February 9, 2014: 12:00 AM EST
Cargill India confirmed that it has purchased the olive oil business of India’s Dalmia Continental (New Delhi) for about $16 million. Dalmia’s olive oil, marketed under the Leonardo brand, represents about 25 percent (400 tons annually) of India’s olive oil market. After the sale, Dalmia will act as an advisor to Cargill for the Leonardo olive oil business. Dalmia also sells Leonardo brand olives, premium pasta, and pickles, as well as Hudson Canola Oil and Clausthaler Non-Alcoholic Beer. Cargill India recently acquired Indian brands Sunflower Vansapati from Wipro, Sweekar from Marico and Rath  Vanaspati from Agro Tech.
"Cargill acquires Leonardo olive oil biz from Dalmia Continental", The Hindu Business Line, February 09, 2014, © The Hindu Business Line
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