The Company owns the two top-selling Australian extra virgin olive oil brands, Cobram Estate® and Red Island®, with combined Australian supermarket sales of $135.4 million in 2020. The Company’s brand strength extends from its position as Australia’s largest vertically integrated olive oil producer. The Company owns over 2.4 million olive trees planted on 6,584 hectares of farmland in central and north-west Victoria, with the Company’s 2021 harvest projected to account for 71% of Australia’s total olive oil crop. Cobram Estate Olives is also the owner of Australia’s largest olive tree nursery, two olive mills, an olive oil bottling, storage, and laboratory facility, and is a leading player in olive industry research and development.
In California, USA, the Company has established an olive mill, storage and bottling facility, laboratory, and administration offices, and has 305 hectares of owned and leased groves, olive supply contracts with over 20 Californian olive growers. The Cobram Estate® brand was the 10th highest selling olive oil by value in USA grocery and specialty channels for the 12-months to April 2021.
It is anticipated that CBO will list on the ASX during August 2021.