Perth-based family business Kailis Organic Olive Groves has successfully completed the acquisition of Great Southern Olive Assets as the company looks to expand onto the world market.
Perth-based family business Kailis Organic Olive Groves has successfully completed the acquisition of Great Southern Olive Assets as the company looks to expand onto the world market.
The acquisition includes 1,795 hectares of planted an irrigated olive groves, water licences, associated infrastructure and equipment at properties north, south and east of Perth.
Kailis Organic managing director Mark Kailis said the purchase was an exciting opportunity and the realisation of a long-term vision.
"It has always been our vision to grow, harvest and process the organic olive fruit and market the branded organic products," said Mr Kailis.
He said the acquisition positioned Kailis Organise to be a major organic trader on the world market.
"Our integrated business model will give us total control and traceability of our organic products. This increases the credibility and reputation of our product with consumers of organic products," said Mr Kailis.
See company statement below:
Western Australian-based Kailis Organic Olive Groves has achieved its goal of becoming the world's largest vertically integrated organic olive oil producer.
Kailis Organic Olive Groves has successfully concluded the acquisition of the Great Southern Olive Assets, which includes 1,795 hectares of planted and irrigated olive groves, water licenses, associated infrastructures and equipment. The properties are located to the north, south and east of Perth.
Veritas Securities acted as corporate advisor to the transaction and sole lead
manager to the raising.
Kailis Organic Managing Director Mark Kailis said that this purchase represents an exciting opportunity for the company and is the realisation of a long-term vision for the Kailis family and strategic investors.
"It has always been our vision to grow, harvest and process the organic olive fruit and market the branded organic products," said Mr Kailis.
"With 680,000 trees, products in more than 250 Australian retail outlets, exports to seven countries and the capacity to produce 4.45 million litres of organic olive oil, there is no doubt that we are positioned to be a major organic trader on the world market," said Mr Kailis.
"Our integrated business model will give us total control and traceability of our organic products. This increases the credibility and reputation of our product with consumers of organic products," said Mr Kailis.
At a time when local and international customers' preference for organic products is increasing, Mr Kailis believes that it is even more important to gain greater exposure for Australian branded organic products.
"Organic is the future of food because people are becoming more aware and concerned about food toxicity. We are proud that Kailis Organic products have been audited and found to be free from pesticides and other artificial chemical residues that are sometimes found in conventional agriculture," said Mr Kailis.
The Kailis family has a reputation in the Australian food industry for quality and reliability. This acquisition serves as a prime example of the leadership and vision provided by the family over the last 85 years.
"We have strong, award winning brands that have achieved global recognition at international olive oil and organic competitions and we have an excellent reputation for being a significant producer of organic extra virgin olive oil," said Mr Kailis
"Going forward we intend to further strengthen one of the world's most recognised brands in organic extra virgin olive oil. We will be striving to maintain the family tradition of being leaders in quality and strategic food positioning in the organic food industry," Mr Kailis concluded.
