date:Apr 30, 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 Thompsons management shareholders, subject to net working capital adjustment at closing.
The consideration