Tag: acquisition

Olam Food Ingredients spices up portfolio with US$950M Olde Thompson acquisition

29 Apr 2021 — Olam Food Ingredients (OFI) is acquiring US-based private label spices and seasonings manufacturer Olde Thompson at an enterprise value of US$950 million through its wholly-owned subsidiary Olam Holdings Inc. The deal is subject to customary closing conditions, and the transaction is expected to close in Q2 2021.

Olam Holdings Inc. will acquire Olde Thompson from Kainos Capital and Olde Thompson’s management shareholders, subject to net working capital adjustment at closing. 

The consideration was arrived at on a willing-buyer, willing-seller basis and implies an EV/EBITDA multiple of approximately 11.5 times or approximately 8.5 times,

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Olam Food Ingredients heats up Spices portfolio with US$108.5 million acquisition of a leading US chile pepper business

Acquisition is on-trend to support rising consumer demand for Mexican flavors

Singapore

Olam Food Ingredients (“OFI”), the new operating group created after the reorganization within Olam International Limited (“OIL”) earlier this year, is expanding its Spices portfolio (“Olam Spices”) to meet the rising demand for bold, authentic flavors with the acquisition of one of the world’s leading suppliers of premium green chiles, jalapeños and enchilada sauces.

OIL, through its subsidiary, Olam Americas, Inc. has agreed to acquire the US-based chile pepper business (“CPB”) of major maker of condiments and sauces, Mizkan America,

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