` Major Spanish Producer Acesur Announces New Facility in Virginia - Olive Oil Times
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Major Spanish Producer Acesur Announces New Facility in Virginia

By Zach Lisabeth
Feb. 6, 2020 15:37 UTC
Summary Summary

Acesur, an interĀ­naĀ­tional olive oil comĀ­pany, is set to open a new manĀ­uĀ­facĀ­turĀ­ing site in Suffolk, Virginia, bringĀ­ing $11 milĀ­lion and 29 new jobs to the state. The deciĀ­sion was influĀ­enced by Virginiaā€™s strong workĀ­force, transĀ­portaĀ­tion netĀ­work, and a $120,000 grant from the Commonwealth Opportunity Fund overĀ­seen by Governor Ralph Northam.

Acesur, an interĀ­naĀ­tional olive oil comĀ­pany in operĀ­aĀ­tion since 1840, announced it will be openĀ­ing a new manĀ­uĀ­facĀ­turĀ­ing site in Suffolk, Virginia. Governor Ralph Northam boasted that the new busiĀ­ness is proĀ­jected to bring $11 milĀ­lion and 29 new jobs to the state.

ā€œVirginia has a strong workĀ­force and a world-class transĀ­portaĀ­tion netĀ­work that allows busiĀ­nesses to easĀ­ily import and export their prodĀ­ucts through the Port of Virginia,ā€ the govĀ­erĀ­nor said in his offiĀ­cial stateĀ­ment. ā€‹ā€œThese and other advanĀ­tages conĀ­tinue to attract global comĀ­paĀ­nies that want to launch in the United States, and I welĀ­come Acesur USA to the Commonwealth.ā€

Acesur will benĀ­eĀ­fit from a $120,000 grant from the Commonwealth Opportunity Fund overĀ­seen by the govĀ­erĀ­nor. Joseph Fairchild, the vice presĀ­iĀ­dent of operĀ­aĀ­tions and direcĀ­tor of purĀ­chasĀ­ing at Acesur USA LLC sugĀ­gested the decidĀ­ing facĀ­tors for the companyā€™s deciĀ­sion included, ā€‹ā€œmarĀ­ket proxĀ­imĀ­ity, proĀ­gresĀ­sive infraĀ­strucĀ­ture investĀ­ment, as well as the Port of Virginiaā€™s proxĀ­imĀ­ity to the plant.ā€

Headquartered in Spain, Acesur is a comĀ­pany with verĀ­tiĀ­cally inteĀ­grated holdĀ­ings and interĀ­ests up and down the olive oil supĀ­ply chain. The comĀ­pany manĀ­ages the proĀ­ducĀ­tion, refinĀ­ing, botĀ­tling, marĀ­ketĀ­ing and exporĀ­taĀ­tion of olive oil in addiĀ­tion to other vegĀ­etable oils and condiĀ­ments. They own sevĀ­eral popĀ­uĀ­lar food brands includĀ­ing Italica, La EspaƱola, Hacienda GuzmĆ”n and Villa Blanca.

Acesur first began exportĀ­ing to the United States in 1975, though the Suffolk facilĀ­ity will be their first perĀ­maĀ­nent holdĀ­ing of its kind in North America.

The new olive oil facilĀ­ity will manĀ­age imports from Argentina, Australia and Spain under the banĀ­ner of Acesurā€™s US subĀ­sidiary. Virginia had been in comĀ­peĀ­tiĀ­tion with North Carolina for this plant, but the Old Dominion State ultiĀ­mately won the day.

Suffolk Mayor Linda T. Johnson said about Acesur and their deciĀ­sion to come to Suffolk, ā€‹ā€œWe are conĀ­fiĀ­dent that their well-respected interĀ­naĀ­tional presĀ­ence will be a comĀ­pleĀ­menĀ­tary blend with our skilled workĀ­force and favorĀ­able busiĀ­ness enviĀ­ronĀ­ment.ā€

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