Tag: Ingredients

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 acquires US seasoning business Olde Thompson

The global Olam Food Ingredients (“OFI”) business has confirmed acquisition of US private label spices and seasonings manufacturer Olde Thompson at an enterprise value of $950 million, reports Neill Barston.

According to the Singapore-headquartered company, its latest move for the American specialist business, which includes ranges for snacks and bakery markets, is part of its wider strategy of enhancing its market presence.

The acquisition will also reportedly be transformative for OFI’s spices business, which is  growing part of the company’s overall portfolio across sustainable food and beverage ingredients.

OFI CEO A. Shekhar said: “This transaction builds on our long 15-year

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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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2020 Holiday Cookies: All the ingredients you need to get baking

If you want to make all the holiday cookies on our 2020 list, here are all the ingredients you’ll need — organized by sections of the grocery store — starting with the baking aisle and ending on cold items.

Flours, starches and thickeners:
4 pounds all-purpose flour (for 13 ¾ cups)
3 pounds bread flour (for 9 cups)
½ cup whole-wheat flour
¼ cup plus 2 tablespoons masa harina
7 tablespoons plus 1 teaspoon cornstarch
3 tablespoons ground flax meal

Leaveners and salts:
3 tablespoons plus 1 ½ teaspoons baking soda
2 tablespoons plus 1 ¾ teaspoons baking powder

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Spice It Up: What’s Hot in Seasoning Ingredients

Hot pot

Hot Pots, like this one featuring seasonings from Fuchs North America’s East Asian Creations Collection, have been growing in popularity among consumers. Photo courtesy of Fuchs North America

Global travel may be a shadow of its former self during the COVID-19 pandemic, but consumers are continuing to expand their culinary horizons by seeking out unexplored regional and national cuisines. The quest for spiciness and authenticity is leading to more regionally specific seasonings that add layers of flavor to traditional dishes from other parts of the world. And the desire to navigate new taste territories is inspiring innovative

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