Olivio Premium Products

Last updated
Olivio Premium Products
Industry Food manufacturing
Founded1993;28 years ago (1993)
Founder Lee Iacocca
Headquarters,
Key people
Ned Hentz, CEO
Website www.olivioproducts.com

Olivio Premium Products, Inc., is a food manufacturing company based in Boston, Massachusetts, United States. It manufactures spreads and cooking products under the Olivio brand name, and is best known for an olive oil-based margarine-like spread.

The company was founded in 1993 by Lee Iacocca, and is privately held. The president and CEO is Ned Hentz, who is Iacocca's son-in-law.

Products

Three primary products are released under the Olivio brand name:

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Olive oil Liquid fat extracted by pressing olives

Olive oil is a liquid fat obtained from olives, a traditional tree crop of the Mediterranean Basin, produced by pressing whole olives and extracting the oil. It is commonly used in cooking, for frying foods or as a salad dressing. It is also used in cosmetics, pharmaceuticals, and soaps, and as a fuel for traditional oil lamps, and has additional uses in some religions. The olive is one of three core food plants in Mediterranean cuisine; the other two are wheat and grapes. Olive trees have been grown around the Mediterranean since the 8th millennium BC.

Butter dairy product

Butter is a dairy product made from the fat and protein components of milk or cream. It is a semi-solid emulsion at room temperature, consisting of approximately 80% butterfat. It is used at room temperature as a spread, melted as a condiment, and used as an ingredient in baking, sauce making, pan frying, and other cooking procedures.

Vegetable oil Oil extracted from seeds or from other parts of fruits

Vegetable oils, or vegetable fats, are oils extracted from seeds or from other parts of fruits. Like animal fats, vegetable fats are mixtures of triglycerides. Soybean oil, grape seed oil, and cocoa butter are examples of fats from seeds. Olive oil, palm oil, and rice bran oil are examples of fats from other parts of fruits. In common usage, vegetable oil may refer exclusively to vegetable fats which are liquid at room temperature. Vegetable oils are usually edible; non-edible oils derived mainly from petroleum are termed mineral oils. Often times vegetable oil sold in the U.S. is synonymous with soybean oil.

Margarine Semi-solid oily spread often used as a butter substitute

Margarine is a spread used for flavoring, baking and cooking. It is most often used as an inexpensive butter substitute. It was named oleomargarine from Latin for oleum and Greek margarite but was later named margarine.

Lee Iacocca American businessman

Lido Anthony "Lee" Iacocca was an American automobile executive best known for the development of the Ford Mustang and Ford Pinto cars while at the Ford Motor Company in the 1960s, and for reviving the Chrysler Corporation as its CEO during the 1980s. He was president and CEO of Chrysler from 1978 and chairman from 1979, until his retirement at the end of 1992. He was one of the few executives to preside over the operations of two of the Big Three automakers.

Shortening

Shortening is any fat that is a solid at room temperature and used to make crumbly pastry and other food products. Although butter is solid at room temperature and is frequently used in making pastry, the term shortening seldom refers to butter, but is more closely related to margarine.

Crisco American brand of shortening

Crisco is an American brand of shortening that is produced by B&G Foods. Introduced in June 1911 by Procter & Gamble, it was the first shortening to be made entirely of vegetable oil (cottonseed). Additional products marketed under the Crisco brand include a cooking spray, various olive oils, and other cooking oils, including canola, corn, peanut, sunflower, and blended oils.

I Cant Believe Its Not Butter!

I Can't Believe It's Not Butter! is a spread brand produced by Upfield and marketed as a substitute for butter.

Meadow Lea is one of Australia's leading brands of polyunsaturated margarine spreads, founded in Sydney by 1932 and owned since 1986 by the Australasian food company Goodman Fielder. It has been the top-selling margarine brand since 1973 and was the second polyunsaturated margarine in Australia; the first was Miracle by Marrickville Holdings.

Wesson cooking oil is a brand of vegetable oil manufactured in Memphis, Tennessee, and sold by Richardson International. Historically, Wesson was cottonseed oil, but as of 2009 the products sold under the Wesson brand are oil mixtures that may include canola oil, corn oil, soybean oil or sunflower oil.

Flora (spread) Brand of spread

Flora is a brand of buttery spread, sold in the United Kingdom, Czechia, Slovakia, Ireland, Finland, Sweden, Spain, Poland, Portugal, South Africa, Hong Kong, Singapore, Sri Lanka, Mauritius, New Zealand, and Australia. It is produced by Upfield and by Siqalo Foods, and sold in other parts of the world under the brand name of Becel. The original manufacturer Unilever came up with the brand after being asked by medical professionals to develop a healthier alternative to margarine, lard and hard butters.

Princes Group

Princes Group is an international food and drink group involved in the manufacture, import and distribution of branded and customer own-brand products. Customers include major supermarkets, convenience stores, foodservice operators, wholesale suppliers and other food manufacturers. Princes’ brands and products span over 20 different categories including fish, meat, fruit, vegetables, soups, pastes, pasta, cooking sauces, edible oils and a broad range of soft drinks sectors.

PAM (cooking oil)

PAM is a cooking spray currently owned and distributed by ConAgra Foods. Its main ingredient is canola oil.

Pompeian, Inc. is a food company that was founded in Baltimore in 1906 and produced America’s first national brand of imported extra virgin olive oil. Today Pompeian offers a line of olive oils, including Robust Extra Virgin, Smooth Extra Virgin, Organic Extra Virgin, Classic Pure and Extra Light Tasting varieties. Pompeian has the number one selling extra virgin olive oil, olive oil, balsamic vinegar, wine vinegar and grapeseed oil, and offers a wide variety of cooking oils, vinegars, cooking wines and cooking sprays nationwide. Pompeian also carries several Organic products, including Organic Extra Virgin Olive Oil, Organic Balsamic Vinegar and Organic Red Wine Vinegar.

Richardson International Limited is a privately held Canadian agricultural and food industry company headquartered in Winnipeg, Manitoba. The company is one of several companies that are owned by James Richardson & Sons Limited. The company is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and a vertically-integrated processor and manufacturer of oats and canola-based products. Richardson has over 2,500 employees across Canada, the U.S. and U.K. Richardson International is a subsidiary of James Richardson & Sons, Limited, established in 1857.

Olive oil regulation and adulteration

Olive oil regulation and adulteration are complex issues overseen and studied by various governmental bodies, non-governmental organizations, and private researchers across the world.

Cooking oil Oil consumed by humans, of vegetable or animal origin

Cooking oil is plant, animal, or synthetic fat used in frying, baking, and other types of cooking. It is also used in food preparation and flavoring not involving heat, such as salad dressings and bread dippings like bread dips, and may be called edible oil.

Upfield Holdings B.V. is a global company owning multiple brands of margarine, food spreads, and plant-based foods, including Flora and Blue Band. It is the largest plant-based consumer packaged goods company in the world, operating in 95 countries,

References

  1. Olivio Premium Products Olivio spread
  2. Olivio Premium Products Buttery spray