thened its presence in the hazelnut market with the acquisition of the family-owned Oltan Group. Oltan procures, processes and markets hazelnuts, and has an annual turnover above $500 million. Based in Trabzon, Turkey, Oltan is said to be active throughout the main hazelnut growing regions with five production facilities exporting to the European Union and other major markets around the world.
The company said that the acquisition will foster Ferrero’s Corporate Social Responsibility engagement on sustainable agricultural practices, already active in Turkey through its dedicated program named Ferrero Farming Values (FFV). This is based on specific principles and focused mainly on enhancing farming skills of all farmers and improving their possibility of revenue increase.
