Olam Food Ingredients to acquire Canada's Club Coffee for $161.7 mil

Felicia Tan
Felicia Tan4/26/2022 07:54 AM GMT+08  • 2 min read
Olam Food Ingredients to acquire Canada's Club Coffee for $161.7 mil
The acquisition is expected to be accretive to ofi’s current year earnings.
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Olam Food Ingredients (ofi), a wholly-owned subsidiary of Olam Group, has entered into an agreement to acquire Club Coffee L.P. for CA$150 million ($161.7 million) to its ‘At Home’ segment.

Club Coffee, which has been operating since 1906, is one of Canada’s largest coffee roasters and packaging solutions providers, serving private label customers and retail brands from its facilities in Toronto.

According to ofi, the acquisition is aligned with its growth strategy to deliver sustainable, natural, value-added food and beverage ingredients and solutions to its customers across the globe.

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