US- The Escalante family, owners of Aceitunas Guadalquivir (AG Olives) has announced the acquisition of Bell-Carter Foods, a California-based olive company.
The Spanish-based olive processor plans to leverage Bell-Carter’s established presence in California to implement its own investments and bolster grower contracts.
The transaction whose financial details are kept confidential ensures that Bell-Carter Foods’ leadership and its close to 300 employees remain in place.
All active grower contracts with California will be adopted, and the company’s own envisaged growth plans for California will be successfully carried out.
In accordance with the agreement, Dcoop, a previous Bell-Carter partner, will own a small stake in Bell-Carter Foods, continuing to benefit Dcoop’s cooperative members.
The agreement further demonstrates Bell-Carter Foods’ dedication to its American workers, its Corning, California production facility, its devoted Lindsay brand consumers, and its national retail customers.
Investments in the facility, including new production lines, advanced olive cookers, and expanded warehouse space, will be made within a few weeks of the acquisition.
These improvements will help the business meet the soaring demand for all forms and varieties of Lindsay brand olives produced and packaged in California.
Our alliance with the Escalantes, is representative of the trust our long-time partner has in our employees, customer and grower partners, and unwavering mission to be the best and most respected table olive producer in California
Bell-Carter Foods, which was founded in 1912, is the second-largest table olive producer in the world and the biggest in the United States.
The California-based firm, which has been family-owned has concentrated on offering cutting-edge, best-in-class olive products combined with the greatest customer service in the business.
Bell-Carter Foods has grown to be a well-known industry leader, selling and marketing domestic olives and imported olives.
It also sells specialty products related to olives under the Bell-Carter Foods, private label, and Lindsay brand names.
“As the fourth-generation CEO, I feel a deep sense of pride and responsibility to uphold Bell-Carter Foods’ rich legacy as well as ensure its bright future,” said Tim T. Carter, CEO of Bell-Carter Foods.
“Our alliance with the Escalantes, is representative of the trust our long-time partner has in our employees, customer and grower partners, and unwavering mission to be the best and most respected table olive producer in California.”
This merger symbolizes a closer bond between two prosperous families, the Carters and the Escalantes, who have worked together for more than 30 years to grow and innovate the domestic olive market in the United States.
“Our partnership with Bell-Carter Foods may sound new to some; however, our strong relationship with the company spans three decades,” said Escalante, the family’s second-generation CEO.
He noted that the investment in Bell-Carter Foods is a testament to their company’s shared passion for creating and delivering the perfect olives that enhance meals and create new taste experiences.
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