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NEWS
Company to Establish First U.S. Production Operation
February 19, 2020

Acesur, an international olive oil manufacturer, has announced that the company will invest $11 million to establish its first U.S. production operation in the City of Suffolk. The new facility, which will handle the company’s bulk oil imports from Argentina, Australia, and Spain, will operate under its subsidiary, Acesur USA LLC.

Established in 1840, Acesur has been active for more than 150 years producing, packaging, and marketing olive oil, and has a long history in the vegetable oils sector. A leader within the national olive oil industry in Spain, Acesur also exports its products to more than 90 countries around the world. Acesur is a vertically integrated company that controls the entire process from ground to bottle, allowing it to have one of the largest ranges of products in the industry, with established brands in the United States such as La Espanola, Italica, and Villa Blanca. Acesur is committed to sustainability, giving back more than 10 times the energy it consumes through the recycling of its waste.

“Virginia was chosen due to its market proximity, progressive infrastructure investment, as well as the Port of Virginia’s proximity to the plant,” said Joseph Fairchild, Vice President of Operations and Director of Purchasing for Acesur USA LLC.

“Virginia has a strong workforce and a world-class transportation network that allows businesses to easily import and export their products through the Port of Virginia,” said Governor Northam in response to the announcement. “These and other advantages continue to attract global companies that want to launch in the United States, and I welcome Acesur USA to the Commonwealth.”

The Virginia Economic Development Partnership worked with the City of Suffolk, the Hampton Roads Economic Development Alliance, and the Port of Virginia to secure the project for Virginia. Governor Northam approved a $120,000 grant from the Commonwealth’s Opportunity Fund to assist Suffolk with the project. The company is eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and funding and services to support employee training activities will also be provided through the state-funded Virginia Jobs Investment Program (VJIP) which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities.


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