May 31, 2023 – ArteOlio, €40 million bet on oil made in Italy

From Il Sole 24 Ore of May 31, 2023

A curb on the so far seemingly unstoppable decline of Italian olive oil. A sector in which, if one could only count, a world record of announced and punctually disregarded revival plans would have been reached. A product that remains a symbol of Made in Italy food but in which there is almost no trace of private investment and any future prospects are almost exclusively entrusted to government or EU initiative.
In such a scenario lies the initiative of ArteOlio, a company founded in 2019 by Augusto Lippi (who is its president) and CEO Riccardo Schiatti, and whose financial investor is VERTEQ Capital, a holding company specializing in private equity investments founded by Ennio Valerio Boccardi. ArteOlio in less than four years, and on the quiet, has purchased 700 hectares of land in the province of Grosseto, in the Tuscan Maremma, on which it has planted 1.3 million olive trees of different varieties, with an investment of about 40 million euros. The goal is to reach a production of one million liters of olive oil in four years, at full capacity. Next November, ArteOlio will carry out the first harvest and land on the market with its extra virgin olive oil.

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