Olam Food Ingredients (OFI) plans to acquire US spice and seasonings manufacturer Olde Thompson through its wholly-owned subsidiary Olam Holdings at an enterprise value (EV) of US$950 million ($1.26 billion).

Olde Thompson is a manufacturer of private label spices, seasonings, baking ingredients and spice-related housewares in the US, with facilities in New Jersey and California. 

OFI is acquiring Olde Thompson from private equity firm Kainos Capital and Olde Thompson’s management shareholders.

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