Dalmia Continental to exit two more olive oil brands

NEW DELHI: Dalmia Continental plans to sell its remaining two oil brands to honour its agreement with Cargill Inc to exit the oil business following a February sell-off of Dalmia's flagship Leonardo olive oil business to the US-based company.

Dalmia says it is putting its two other oil brands — Marco Polo and OliRyze — on the block as part of the Cargill selloff agreement.

Cargill India had acquired Dalmia's Leonardo brand in February. Cargill had acquired Leonardo in a bid to ramp up its premium oil business in India that also includes the company's other brands such as Nature Fresh, Gemini, Sweekar and Rath.