FRANCE - Carvest makes EUR 2m Olives investment

Groupe Olives & Co, based near Chartres, packages and distributes fresh olives for sale in supermarkets. The company operates a premium brand, Croc'Frais, and a regular brand, Aromatt.

Raymond Geoffroy is specialised in spreadable food products, which is distributes under its Nimes brand, and fish-soup sold under the Marie-Amélie brand.

Olives & Co generated EUR 11m turnover in 2007 and has 35 staff; the addition of Raymond Geoffroy will increase these figures to EUR 20m and 90 respectively.

The investment was made via Val de France Expansion, a subsidiary fund of Caisse Régionale de Crédit Agricole Val de France, as well as three other regional Crédit Agricole investment funds under Carvest's management.

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• Topics
• Expansion
• France