Tnuva subsidiary Olivia is moving from Even Yehuda at a cost of NIS 12 million.
Tnuva subsidiary Olivia Gourmet is moving from rented facilities in Even Yehuda to a new plant in Rehovot, at a cost of NIS 12 million.
Olivia Gourmet outgoing CEO Iris Fein said that the new production lines would be added in the move, which would enable the company to enter new fields. Olivia exports a private brand of long-life salads with no preservatives and salad dressings.
Fein is leaving her position after being appointed CEO of Tnuva Chef, which is responsible for Tnuva’s NIS 700 million annual sales to the institutional market. Olivia has NIS 40 million in sales.
The institutional market totals NIS 7 billion a year, and Fein says that Tnuva Chef is the leader in it.
Published by Globes [online] - www.globes.co.il - on April 28, 2005