SINGAPORE -- Singapore-based agricultural commodities trader Olam International will acquire a U.S. manufacturer of spices and seasonings for $950 million, the company said Thursday, as it hopes to capture growing demand there by creating an end-to-end supply chain.
Business deals
Singapore's Olam buys US spice producer Olde Thompson for $950m
Deal completes supply chain for commodities trader as demand grows amid pandemic
Olam already supplies ingredients like dried onion, garlic and tropical seeds that were produced in India, Vietnam and China to Olde Thompson. (Photo is a screenshot from Olde Thompson's website spliced with a Reuters photo)
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