date:Feb 12, 2014
Cargill, an American agribusiness giant, has entered into an agreement to acquire Dalmia Continentals (DCPL) Leonardo Olive Oil business.
Leonardo is the leading brand in the olive oil segment in India.
With this acquisition, Cargill, which already has a strong presence in the global olive oil segment, will have an opportunity to participate and create value of this nascent and high-growth category in India.
The company will now be able to consolidate its position in the premium oils segment.