Company

Our History

Established a small olive nursery in Lara and imported first olive trees from Israel. First meeting of advisors and site visit to Boundary Bend Victoria to commence preparation of the first capital raising in September.

First olive tree planted at Boundary Bend. Released the Company’s first Information Memorandum to raise capital for the planting of 200 hectares of olives at Boundary Bend, Victoria (JV1).

First olive harvest, and the Company’s first extra virgin olive oil made in May.

First commercial olive harvest, producing 80,000 litres of extra virgin olive oil.

May: Official opening of the olive mill at Boundary Bend, producing 668,000 litres of extra virgin olive oil.

August: Started building the Colossus Harvester in Mildura in a joint venture with Maqtec Argentina.

October: Awarded the “Olive Grove of the Year” by the Australian Olive Association.

November: Commenced management of Timbercorp’s 2,777 hectare olive grove and olive mill at Boort, Victoria

June: Became the first Australian olive oil company to produce over 1 million litres of olive oil in one season.

July: Consolidated all entities into an unlisted public company; Boundary Bend Limited.

September: Began planting and managing olives for Timbercorp, and marketing all Timbercorp’s olive oil adjacent to the company’s groves at Boundary Bend.

February: Purchased a commercial site on Broderick Road in Lara, Victoria, for the establishment of an olive nursery, olive oil bottling facility, laboratory and administration offices.

December: Acquired the Cobram Estate® retail brand.

Won the Australian Government “Agribusiness Exporter of the Year” award in November.

Agreement to acquire Timbercorp’s olive assets.

October: Cobram Estate® is awarded the best olive oil in Australia by the Australian Olive Association in their National Olive Oil Competition.

Launched first Cobram Estate® TV advertising campaign, featuring an exclusive “Pop-up Pourer”.

Acquired the Red Island® retail brand.

Purchased a 3.6-hectare industrial property in Woodland, California, for the establishment of an olive oil mill, bottling facility, laboratory, and administration offices.

Cobram Estate® is the most awarded exhibitor at the New York International Olive Oil Competition (NYIOOC) for the third year in succession.

Cobram Estate® USA launches the Select range of extra virgin olive oils.

First harvest of Californian olives from the Company’s own USA groves.

Cobram Estate® annual sales exceed $50 million. Raised $25 million from new and existing shareholders to support growth strategies at $1.417 per share ($8.50 per share pre-share split).

Cobram Estate Olives group annual sales exceeds $100 million.

March: Cobram Estate® Essentials range of extra virgin olive oils is launched in the USA

CBO listed on the ASX

April: Final stage of the redevelopment of the Boort Olive Grove completed with the planting of over 750,000 trees on 2,114 hectares.

May: The company name was changed from Boundary Bend Limited to Cobram Estate Olives Limited.

Acquired 182 hectares of land, and a 50% share of Orestimba Ranch, a mature olive grove in California.
Major marketing campaign launched in Australia

First phase of Boort olive mill upgrade completed, delivering a capacity increase from 30 to 50 tonnes of olives per hour.
New olive pomace waste management system commissioned at the Boundary Bend grove, Victoria.
Development of 354 hectares of new olive groves in California, USA, and completed the first phase of the Woodland olive mill upgrade, doubling milling capacity and increasing storage.

Olive grove redevelopment at Wemen, Victoria.
Development of 344 hectares of new olive groves and acquired 1,534 hectares of land in California, USA.

Development of 382 hectares of new groves in California. Acquired Leda Ag, the manufacturer of our olive harvesters. Raised $178 million to accelerate our USA growth strategy.

Acquired California Olive Ranch, the leading producer and marketer of Californian extra virgin olive oil. Plans to develop a further ~856 hectares of new olive groves in California.