Olam Food Ingredients to acquire US private label spices manufacturer Olde Thompson for US$950m

US – Olam Food Ingredients has announced that it is acquiring Olde Thompson, a leading US private label spices and seasonings manufacturer, at an enterprise value of US$950 million. The company said the acquisition was made through its wholly owned subsidiary Olam Holdings Inc. According to a statement by the Singapore based firm, the acquisition aligns with its vision and accelerates its growth strategy of delivering sustainable, natural, value-added food and beverage ingredients and solutions. Established in 1944, Olde Thompson operates two highly automated bi-coastal facilities in Bayonne, New Jersey…

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Olam Food Ingredients establishes systems to rid cocoa supply systems of child labour and deforestation

UK – Olam Food Ingredients (OFI), a leading supplier of cocoa beans and cocoa ingredients, has announced the successful establishment of child labour and deforestation monitoring systems covering its entire supply chain. Child labour is defined by the International Labour Organisation as work that endangers children or interferes with their schooling. In the cocoa industry, the problem of child labour is rampant. The Payson Center for International Development and Technology Transfer estimates that approximately 1.8 million children in the Ivory Coast and Ghana may be exposed to the worst forms…

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