California Olive Ranch Secures $35 Million in Equity Funding
California Olive Ranch has received commitments for an equity investment of $35 million led by a major US-based institutional investor and existing investors. As the largest equity investment funding ever in the domestic extra virgin olive oil (EVOO) industry, California Olive Ranch sets its sights on making U.S. olive oil a significant player on the global stage.
On the basis of the tremendous success of California Olive Ranch over the past five years, this investment enables future expansion to support the insatiable consumer demand for premium California EVOO. This contribution is an investment in the future of U.S. olive oil.
- This funding will allow California Olive Ranch to more than double its acreage.
- California Olive Ranch is able to create more jobs in the harvesting, production and administrative divisions of the business as well as expand the milling infrastructure throughout California.
- Additionally, this boost in financial support will provide family farms with the resources to plant more olive trees and as a result, grow their businesses.
- With the help of investors, California Olive Ranch will also expand its presence by producing organic extra virgin olive oil.
- California Olive Ranch has been researching and developing a scalable method to eliminate its carbon footprint by an initiative called, regenerative agriculture. The newly purchased plots of land will be fully sustainable, making the operation the first large scale implementation of regenerative agriculture for permanent plantings.
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“With the support of our investors, this round of funding supports the planting of new acreage for California Olive Ranch, but is also an investment in the future of olive oil,” says President Gregg Kelley. “This investment will accelerate the future of the American olive oil movement, innovate our sustainable harvesting methods and revolutionize our production technology.”
To learn more about California Olive Ranch, where to buy California Olive Ranch products, and all things extra virgin olive oil, visit www.californiaoliveranch.com, or follow along on Facebook, Instagram, Twitter, or Pinterest.
Chuao Chocolatier Expands Fair Trade Offering
Chuao Chocolatier is expanding its fair trade-certified product offering across the brand’s entire chocolate portfolio. Since the brand’s foundation in 2002, Chuao Chocolatier has consciously partnered with purveyors who share the brand’s interest in sustainable practices. By supporting fair trade cocoa farmers through all of its chocolate confections, Chuao Chocolatier fortifies its brand promise to spread joy, not only among its consumers, but also for the individuals who help produce it.
According to Fair Trade USA reports, there have been over 1,200 companies committed to fair trade selling as of 2015. This movement is a reflection of consumers’ growing awareness of where and how their food is sourced. Through development premiums, brands that support fair trade certification, such as Chuao Chocolatier, empower farmers and their communities via educational stipends, environmental training, healthcare services and productivity investments.
“We have had a long-standing commitment to produce our chocolates with the utmost respect to our planet and have implemented various sustainability practices at our factory. From reduced packaging and organic certified cleaning solutions, to upgrading our facility to be energy efficient, we are doing our part to protect the environment,” said Chef Michael Antonorsi, Chuao’s co-Founder and Master Chocolatier. “By becoming fair trade-certified across our entire portfolio, we are also ensuring that our farmers, communities, women and children are receiving the support they need to lead happier and healthier lives.”
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The brand’s entire line of chocolate bars can be found online at www.chuaochocolatier.com, and in Chuao Chocolatier’ southern California boutique. A curated selection of the brand’s signature line of bars can also be found at fine grocery and specialty retailers nationwide. To find out more information about the brand’s fair trade certification, visit https://chuaochocolatier.com/fair-trade-certified-chocolate.
IGOR Gorgonzola Signs with Norseland
IGOR®, the leader and one of the most modern, efficient producers of Italian Gorgonzola cheese together with Norseland, Inc., the exclusive importer of Jarlsberg® cheese and a leading marketer of specialty food products in the US, announced the two companies have entered a partnership effective January 2018.
This unique partnership will cultivate growth opportunities for exact weight Gorgonzola across all channels.
“We are proud to represent the leader in Italian Gorgonzola cheese production. IGOR has superior quality control standards that ensure we are selling the best and safest Gorgonzola product on the market,” says John J. Sullivan, CEO and President of Norseland, Inc. “Additionally, IGOR has an unparalleled commitment to family and it is a pleasure to work directly with the third-generation owners.”
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“With great satisfaction we have signed this alliance for an important market like the United States of America where blue cheeses are highly appreciated and consumed. With Norseland, as a leader in cheese distribution, we have found the same motivations as IGOR for quality, professionalism and passion,” says Fabio Leonardi, CEO IGOR Gorgonzola.
For information on Igor, visit www.igorgorgonzola.com. For information on Norseland, visit www.norseland.com.
