Global natural health and beauty product company Comvita has bought a 200-acre organic olive estate in Queensland and plans to increase its production of of olive leaf extracts by 130 percent over the next five years.
The purchase of Organic Olives was completed last week for an undisclosed price.
Comvita chief executive Brett Hewlett said the acquisition will meet increasing demand.
“We expect there will be increased interest in Comvita products as a result of the trial. We’re also scoping the possibility of building on this science, with additional clinical trials,” said Hewlett.
“The acquisition of this new land site for expansion of fresh OLE production is timely and effectively future-proofs this rapidly growing part of our business."
The company says olive leaf extract is beneficial for immune and cardiovascular support and a recent clinical trial (pending peer review and publication) by The Liggins Institute at The University of Auckland found it improves the activity of insulin in overweight men. Insulin that does not work effectively can lead to diabetes.