Strome Business Minute With Dr. Jeff Tanner

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. We talk a lot about diversifying our local economy, but people often overlook our strong and growing food industry. From peanuts and coffee to seafood and soybeans, we have a strong food industry in the 757. Now add olive oil. International olive oil manufacturer Acesur USA LLC purchased an eighty eight thousand -square-foot, two-story manufacturing facility in Suffolk for just over 5 million dollars where they will manufacture olive oil. They import the olives from Spain to make the oil and they have other another plant in NY. Acesur has been producing, packaging and marketing olive oil since 1840 and is headquartered in Dos Hermanas, Seville, Spain. It bottles olive oil brands such as Coosur and La Española and exports to more than 80 countries. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.