Innoliva, a major Spanish olive oil producer, has been acquired by Fiera Comox Partners from Cibus Capital. Innoliva is one of Europe’s largest producers of extra virgin olive oil, with a product offering that includes table olives and almonds.
The company is known for its use of super high-density planting techniques and sustainability practices. Innoliva’s founder, Jorge Pena, will continue to serve as the company’s CEO and CIO under Fiera Comox’s ownership.
Image: Innoliva
The acquisition is part of Fiera Comox’s growth strategy in the agriculture investment sector.
The firm’s agriculture investment team sees potential for financial returns in the olive oil market, particularly in Spain and Portugal.
Innoliva’s traditional and organic olive oil products are well-positioned to take advantage of growing demand for high-quality olive oil in the region.
Innoliva’s olive groves are located in Seville and the surrounding region, where the company has invested in modern irrigation systems and sustainable farming practices.
The company’s sustainability practices include the use of renewable energy and the recycling of waste materials. Innoliva also produces rice, which is grown using similar sustainability practices.
The acquisition is expected to benefit Innoliva’s stakeholders, including its employees, customers, and suppliers. Fiera Comox’s strategy for the company includes expanding its product offering and increasing its presence in Iberia and other European markets.
