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 LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.1x average currently observed in the AgriFood sector.

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