Tag: Spices

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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New evidence that spices, fruits from Asia had reached the Mediterranean earlier than thought — ScienceDaily

Asian spices such as turmeric and fruits like the banana had already reached the Mediterranean more than 3000 years ago, much earlier than previously thought. A team of researchers working alongside archaeologist Philipp Stockhammer at Ludwig-Maximilians-Universität in Munich (LMU) has shown that even in the Bronze Age, long-distance trade in food was already connecting distant societies.

A market in the city of Megiddo in the Levant 3700 years ago: The market traders are hawking not only wheat, millet or dates, which grow throughout the region, but also carafes of sesame oil and bowls of a bright yellow spice that has

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Are there benefits to eating turmeric and other spices?

There could be something about turmeric that’s beneficial, but it’s not curcumin, she says. Plus, if turmeric is cooked as part of a meal, she says, it’s added alongside other foods, and heated up, so its chemical components change.

“There might be something else in turmeric worth looking at, but not curcumin, and it might not be one thing. It might need to be chemically modified or added to something to be beneficial.”

She says consuming lots of turmeric isn’t harmful, but she wouldn’t advise using it as self-medication.

Correlation vs causation

Chilli and turmeric have been widely studied, but

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There’s a Recall on Spices and Dried Herbs in 31 States Due to Possible Salmonella Contamination

If you need a nudge to clean out your spice cabinet, here’s a pretty good one: There’s a recall on spices and herbs from the Spice Hunter due to the potential presence of salmonella. The recall includes a variety of herbs, spices, and seasoning blends sold on the brand’s site and in retail stores across 31 states.

Sauer Brands, Inc. announced the voluntary recall on October 12 when the company’s supplier notified it of possible salmonella contamination in certain lots of organic parsley—this, after the supplier had previously certified that the raw materials it provided to Sauer tested

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The Future of the Spices & Seasonings Industry 2020-2025 – Major Trends & Developments, Key Regional Markets, Leading Players | News

DUBLIN, May 6, 2020 /PRNewswire/ — The “Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” report has been added to ResearchAndMarkets.com‘s offering.

The global spices and seasonings market is currently experiencing a healthy growth. Looking forward, the market is expected to exhibit a CAGR of around 4% during 2020-2025.

The growing hospitality industry, along with the increasing preference for ready-to-eat and ready-to-drink products, is among the key factors driving the growth of the market. Furthermore, there is a growing inclination among consumers to try innovative cuisines and flavor-rich dishes, which are prepared

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