Tag: Olde

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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