Back in black, Deoleo plans expansion

Spanish food giant Deoleo – owner of olive oil brands Carbonell, Bertolli, Carapelli, Koipe and Sasso – is back in the black and planning to double its size via growth in emerging markets. After what it described as “a period of instability, profound change and restructuring,” the Madrid-based world leader in olive oil trade booked a net profit of €1.1m for 2011 after a €56.5m loss the year before.