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Cargill Buys Into Olpo
NEW YORK - Nov 1/04 - SNS -- Cargill Inc has reached an agreement in principle to buy a majority share in the Romanian oil seed crushing, refining and bottling company, Olpo. Agreement has been reached with Topway -- the holding company -- and its shareholders and is dependent on due diligence and regulatory approval.
Most of the oilseeds Olpo processes are grown locally and the major part of the company's oil production is from sunflower seeds. Olpo employs over 600 people and has facilities in Podari and Craiova. The company produces bottled oil under two brands, a premium one, "Bunica" and a local one "Olpo".
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