Oberti Olive Canning Plant to Be Sold at Public Auction

Aug 18, 2006, 01:00 ET from Rabin Worldwide

    SAN FRANCISCO, Aug. 18 /PRNewswire/ -- California Olive Growers, former
 producers of Oberti Olives, have ceased operation and closed their Madera,
 CA facility. All equipment from the factory will be sold at a public
 auction starting on Tuesday, October 10th.
     The humble beginnings of Oberti Olives began in the 1930's on a
 family-run farm, where Oberti began producing olive oil. The Oberti taste
 quickly gained popularity, eventually necessitating modern machinery and
 several hundred employees to produce enough oil to meet the demand. With
 time, the Oberti brand diversified to black ripe olives and a host of other
 supermarket goods.
     Complete olive and tomato processing and canning lines will be
 available, in addition to warehouse and office equipment.
     The auction, conducted by San Francisco auction firm Rabin Worldwide,
 will be held onsite in Madera and online at http://www.rabin.com. For more
 information, contact Rabin Worldwide at (800)421-2144 or via email at
     About Rabin Worldwide
     Rabin Worldwide, formerly Rabin Brothers, is an international
 auctioneer and valuation specialist of industrial plants and equipment.
 With over 50 years of experience in every sector of the industrial
 community, Rabin's signature business is assuming financial positions in
 the liquidation and/or valuation of complete factories and vehicle fleets.
 Based in San Francisco, Rabin maintains offices in New York and London,
 with associate desks in Montreal, Mexico City, Tel Aviv, and Perth,
 Australia. Rabin enjoys a solid reputation with Asset Based Lenders,
 Commercial and Investment Banks, Law Firms, and the Fortune 500 companies
 familiar with their expert services. The Rabin Worldwide Web Site is
 located at http://www.rabin.com .

SOURCE Rabin Worldwide