Cobram Estate’s $259 million California Olive Ranch deal was 11 years in the making

The $259 million buyout of a large Californian olive oil producer by Australia’s biggest olive oil company, Cobram Estate, was sealed 11 years after the two companies first held talks, in an extraordinary display of corporate patience.

Cobram Estate chairman Rob McGavin said the Australian group had its eye on California Olive Ranch more than a decade ago when the two businesses first talked about combining.

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