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Seeka acquires bankrupt Olivado's assets to prevent fruit waste, plans new brand.
Seeka, a major New Zealand agribusiness, has acquired the operating assets of Olivado, an avocado and olive oil company that went into liquidation owing over $3 million.
Seeka's CEO, Michael Franks, stated the acquisition was necessary to prevent waste of a large amount of fruit.
The company plans to integrate Olivado's operations with its own and launch a new brand, excluding the Olivado name.
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Seeka adquiere activos quebrados de Olivado para prevenir el desperdicio de frutas, planea una nueva marca.