Cobram Estate Olives

Cobram Estate Olives, the Australian olive oil producer, has entered into a binding agreement to acquire California Olive Ranch (COR) for a total consideration of $173.5 million. The transaction for COR, a vertically integrated olive oil firm based in California, consists of $88.5 million in cash, $70 million in vendor notes, and an earn-out payment of $15 million. COR manages approximately 1,870 hectares of olive groves and is the producer …