CALIFORNIA OLIVE RANCH (COR) acquired by COBRAM ESTATE OLIVES
Context
Cobram Estate Olives has entered into a definitive agreement to acquire 100% of the US-based olive oil producer California Olive Ranch. This landmark transaction unites the leading Australian producer with the premier American producer, creating a dominant force in the non-European olive oil sector. The deal follows a significant capital raise by CBO in late 2025, which was specifically earmarked to fund US expansion. By acquiring COR, Cobram Estate secures immediate access to extensive productive groves, milling infrastructure, and a widely recognized US consumer brand. The transaction is structured with a mix of upfront cash, vendor notes, and a performance-based earn-out component, allowing CBO to integrate COR's operations and accelerate its growth strategy in the North American market.
CALIFORNIA OLIVE RANCH (COR), which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the AgriFood sector (10.7x).
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Target
California Olive Ranch is the pioneering and largest producer of extra virgin olive oil in the United States. Based in Northern California, the company operates a fully vertically integrated business model, managing every step from cultivation to bottling and marketing. Renowned for its sustainable farming practices, COR manages a total of approximately 1,870 hectares of olive groves across California, comprising 261 hectares of owned land and 1,609 hectares under long-term leases. The company has played a pivotal role in establishing the domestic US olive oil industry, offering high-quality, traceable products that compete directly with European imports in major retail channels.
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REFERENCES
Valuation range: EV 100M - 350M USD
Revenue range: 100M - 200M USD
EBITDA range: 5M - 25M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.