Seeka Limited is pleased to announce the acquisition of the operating assets of Olivado. The operation will be integrated within Seeka's Delicious Nutritious Food Company ("DNFC") and all employees of the previous Olivado business have been offered employment as part of the purchase.
© Olivado
Olivado, founded in 2000, was placed in liquidation in February. Liquidator Garry Whimp of Blacklock Rose said "We are very pleased to announce the completion of a sale of the company assets to Seeka, we believe this is an excellent result for the staff and the creditors." Garry also stated "We believe they will service the existing clients and grow the business ensuring continued employment for the existing staff." The purchase excludes the Olivado brand.
The DNFC has an existing avocado oil production and marketing business in addition to producing KiwiCrushTM.
Seeka's Chief Executive Officer, Michael Franks stated "This purchase complements our existing business supporting avocado growers in the Far North, and has good alignment to Seeka's growth strategy, expanding its footprint in the growing market for healthy, and sustainable food oils."
Staff, and processing will shortly be integrated into DNFC Northland, continuing to operate in the existing facility. Seeka and DNFC remain focussed on providing excellent quality products to customers through retail and wholesale supply channels.
For more information:
Jim Smith
Seeka
Tel: +64 21 241 2355
Sign up for our daily Newsletter and stay up to date with all the latest news!
Subscribe I am already a subscriber