Olive oil, Italy´s Carli gets French Sas Newsol
Italy
Thursday 28 February 2008
The Italian company Fratelli Carli operating in the olive oil industry acquired on February 22 the French Sas Newsol, specialized in Provence’s typical food products for about 13 millions value.
The company itself informed about the transaction, specifying that Newsol (recording in 2007 a turnover of 16.6 million Euros) is born from the merger between Soloeou (Provence’s typical foods) and Agroazur (olive production).
“Our company interest in the French market - CEO Gian Franco Carli declared - is given not only by geographical proximity. It was most of all influential our will to expand at international level through a market strongly growing for what Mediterranean olive oil and food products are concerned”.
“Thanks to this transaction we are starting a development project in Europe, also through the acquisition of companies operating in high level food industries”, Mr Carli concluded.
Fratelli Carli recorded in 2007 a turnover of about 120 million Euros.
The company itself informed about the transaction, specifying that Newsol (recording in 2007 a turnover of 16.6 million Euros) is born from the merger between Soloeou (Provence’s typical foods) and Agroazur (olive production).
“Our company interest in the French market - CEO Gian Franco Carli declared - is given not only by geographical proximity. It was most of all influential our will to expand at international level through a market strongly growing for what Mediterranean olive oil and food products are concerned”.
“Thanks to this transaction we are starting a development project in Europe, also through the acquisition of companies operating in high level food industries”, Mr Carli concluded.
Fratelli Carli recorded in 2007 a turnover of about 120 million Euros.