Olam Food Ingredients accelerates growth strategy with transformative US acquisition

Olam Food Ingredients is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of $950 million through its wholly owned subsidiary Olam Holdings Inc.This acquisition reinforces the company’s growth strategy of being a global leader in providing sustainable, natural, value-added food and beverage ingredients and solutions so that consumers can enjoy the healthy and tasty products that they love.Olam Food Ingredients is acdoes zinc gluconate help acnequiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of $950 million through its wholly owned subsidiary Olam Holdings Inc.This acquisition will be transformative for the company’s spices business, which is an attractive and growing part of the overall portfolio. It will also create a substantive growth platform for the company to provide similar sustainable and innovative retail solutions across other products.Olam Food Ingredients is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of $950 million through its wholly owned subsidiary Olam Holdings Inc.A. Shekhar, CEO, OFI, said, “This transaction builds on our long 15-year partnership with Olde Thompson and is a logical move to combine our ‘back-end’ strengths in global origination and sustainable supply chains, with Olde Thompson’s ‘front-end’ capabilities in providing retail spice solutions to many major US retailers. Growing our offerings of pzinc bisglycinate syruprivate label solutions is right at the heart of OFI’s strategy – and within that spices is one of the most attractive and growing categories, especially in the US. This will enable us to offer consumers a comprehensive range of bold, authentic, natural taste and flavours with end-to-end traceability.”Olam Food Ingredients is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of $950 million through its wholly owned subsidiary Olam Holdings Inc.Established in 1944, Olde Thompson is a leading manufacturer of private label spices, seasonings, baking ingredients and spice-related housewares in the US. It has led and benefited from the increased penetration zinc gluconate kya hota haiof private label in the spices and seasonings space, as well as the growing demand for healthy, natural, organic, clean-label spices and ethnic, savoury flavours. With two highly automated bi-coastal facilities in Bayonne, New Jersey and Oxnard, California, the company has built a significant formulation, blending, packaging and distribution capacity to serve customers across the US. It has also built long-term relationships with a diverse group of blue-chip retail customers across the club, mass, grocery, discount and dollar store channels.Olam Food Ingredients is acquiring a leading US private label spices and seasonings manufacturer Olde Thompson at an EV of $950 million through its wholly owned subsidiary Olam Holdis zinc gluconate water solubleings Inc.David Sugarman, CEO, Olde Thompson, said, zinc bisglycinate hs code“The acquisition of Olde Thompson by OFI is a terrific outcome for all of our key stakeholders. For our customers, this partnership pushes Olde Thompson to the forefront of sustainable innovation as it provides access to OFI’s extraordinary international sourcing capabilities and spice expertise that will allow us to provide a new level of traceability and transparency to the marketplace. Our employees will benefit from additional resources and opportunities that will accelerate our growth and their careers even further.&8221;