date:Dec 25, 2012
Singapore-based Olam International has purchased the soluble coffee assets and business of Spain-based Seda Solubles for $52m through a bidding process under a court-managed scheme of receivership in Spain.
The soluble coffee assets of include Spain-based manufacturing and packaging facilities along with Russia-based storage and packaging facility and its brands.
Olam will also offer an additional $7m in capital expenditure in the coming couple of years for asset overhaul and maintenance.
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