olam food ingredients completes acquisition of Olde Thompson
- ofi completes acquisition of Olde Thompson at an Enterprise Value (EV) of US$950 million
- Transformative US acquisition for ofi’s spices business, enabling further expansion of private label offerings across its portfolio
- Accelerates ofi's growth strategy of delivering sustainable, natural, value-added food ingredients and solutions
The acquisition builds on a 15-year partnership with Olde Thompson and marks a significant milestone for ofi’s spices business, which is an attractive and growing part of ofi’s overall portfolio. It also expands ofi's private label capabilities and enables the business to provide consumers with a comprehensive range of bold, authentic, natural taste and flavours with end-to-end traceability and sustainability.