SINGAPORE – Olam Food Ingredients, a business unit of Olam International, is acquiring Olde Thompson from the private equity firm Kainos Capital for approximately $950 million. Based in Oxnard, Calif., Olde Thompson is a private label manufacturer of dry spices and seasonings.

“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,” said Anantharaman Shekhar, chief executive officer of Olam Food Ingredients. “Growing our offerings of private 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,…

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