California Olive Ranch of Chico, which says it's the largest producer of extra virgin olive oil in the United States, has purchased Lucini Italia, a producer and importer of premium Italian extra virgin olive oils. Lucini's U.S. base is Miami, Fla.; its manufacturing is near Florence, Italy.

In the equity transaction seller Molinos USA retains a significant minority share in the combined company. California Olive Ranch and Lucini Italia will continue to operate under their own labels. The company will maintain its headquarters in Chico.

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Source: http://www.centralvalleybusinesstimes.com