BLOG

Olam Food Ingredients completes acquisition of Olde Thompson

06 June 20212 min reading

Olam Food Ingredients (OFI) completes acquisition of Olde Thompson at an Enterprise Value (EV) of US$950 million. Transformative US acquisition for OFI’s spices business, enabling further expansion of private label offerings across its portfolio.

Olam Food Ingredients announces that the acquisition of leading US private label spices and seasonings manufacturer Olde Thompson, previously announced on April 29, 2021, was successfully completed on May 17, 2021 at an EV of US$950 million. The acquisition builds on a 15-year partnership with Olde Thompson and marks a significant milestone for OFI’s spices business, which is an attractive and growing part of OFI’s overall portfolio. It also expands OFI's private label capabilities and enables the business to provide consumers with a comprehensive range of bold, authentic, natural taste and flavours with end-to-end traceability and sustainability. “The acquisition of Olde Thompson is transformative for our spices business and helps us to broaden our private label offering which is an important part of our growth strategy. Combining the complementary capabilities of OFI’s global origination and sustainable spice supply chain with Olde Thompson’s customer base and expertise in blending and product formulation will help us deliver greater value to all our retail customers. We are looking forward to welcoming our new colleagues and working closely with them to ensure that consumers can add healthy taste and flavour to all the products they love”, OFI CEO A. Shekhar said.

Articles in News Category
14 April 20203 min reading

Black Sea Grain postponed to September 2020

Considering all the circumstances of the worldwide COVID-19 pandemic, UkrAgroConsult has made a d...

08 August 20182 min reading

NIBULON TO INVEST $2 BLN IN EGYPT GRAIN STORAGE, TRANSPORT

Nibulon, an Ukrainian grain trading company, plans to invest $2 billion in new grain silos and barg...

11 October 20181 min reading

Bayer opens modern seed plant in Ukraine

German company Bayer has opened a modern factory for production of seeds of agricultural crops in...