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Olam Opens New Cocoa Product Development and Innovation Centre in Brazil
Nov 9, 2016Olam Cocoa opened a new Cocoa Product Development & Innovation Centre at its llhéus processing facility in Brazil. The announcement was made to mark the 70th anniversary for Olam Cocoa’s leading Brazilian cocoa brand, Joanes, ...
Tags: Olam, Cocoa Product
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Olam International Acquires Coffee Specialist Schluter for $7.5m
Oct 27, 2016Singapore based global agri-business company Olam International has acquired 100% stake in coffee specialist Schluter for $7.5m. A combination of internal accruals and existing debt facilities will be used by Olam to finance the ...
Tags: Olam International, Coffee
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Olam Acquires Brooks Peanut Company for $85m
Jun 12, 2016Olam International has acquired a 100% stake in Brooks Peanut Company for $85m. Brooks, which was established in 1959, is based in Samson, Alabama. It is currently the sixth largest peanut sheller in the US. The company processes about ...
Tags: Olam International, Brooks, peanut
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Olam Secures $175m Loan From IFC for Food Processing Facilities in India and Nigeria
Apr 21, 2016Olam International has entered into a $175m five-year loan agreement with IFC, a World Bank Group unit, to fund its working capital and capital expenditure requirements for four of its food processing facilities in Nigeria and India. The ...
Tags: Olam, IFC, Food Processing Facilities
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Olam, Mitsubishi Form Joint Venture for Supply of Agricultural and Food Products to Japan
Apr 19, 2016Olam International and Mitsubishi Corporation (MC) have formed a joint venture called MC Agri Alliance (MCAA) in Japan for the supply of agricultural and food products. The joint venture will import and distribute coffee, cocoa, ...
Tags: Olam, Mitsubishi, MCAA
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ADM Completes Acquisition of Certain Assets of Eaststarch to Expand Corn Business
Nov 4, 2015US-based agribusiness company Archer Daniels Midland Company (ADM) has completed the acquisition of some assets of Eaststarch C.V., which is ADM’s 50-50 joint venture with Tate & Lyle. Tate& Lyle is a UK-based agribusiness which ...
Tags: ADM, corn wet milling, Corn business
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Agricultural Commodity Trader Olam Seeks Acquisitions Worth up to $1.4bn
Sep 23, 2015Singapore-based commodity major Olam International is keen to make acquisitions of up to SGD$2.72bn ($1.4bn) as it plans to benefit from the dip in prices of agricultural commodities. Olam CEO Sunny Verghese was quoted by Bloomberg as ...
Tags: Olam, agricultural commodities, cocoa, nuts, wheat
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Mitsubishi to Acquire 20% Stake in Olam for $1.09bn
Sep 1, 2015Japanese global establishment Mitsubishi has agreed to acquire 20% stake in agri-business firm Olam International, in two deals that are valued at around S$1.53bn ($1.09bn). Under the agreed terms, Mitsubishi will acquire 332.73 million ...
Tags: agri-business, Mitsubishi, edible nuts
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Chinese Chocolate Market to Reach $4.3bn by 2019
Feb 26, 2015Chinese chocolate market would see a $4.3bn growth by 2019, a 60% increase from $2.7bn in 2014, says chocolate manufacturer Hershey. Hershey president Bert Alfonso told Reuters that the growth will be driven by demand from the growing ...
Tags: Chocolate Market, Chocolate
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Olam to Acquire Global Cocoa Business of Archer Daniels Midland Company for $1.3bn
Dec 17, 2014Singapore’s Olam International has agreed to acquire the global cocoa business of Archer Daniels Midland Company, in a $1.3bn deal. This new development is expected to enhance Olam's chocolate and cocoa businesses, in an effort ...
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Olam Has Agreed to Acquire Us Peanut Sheller Mccleskey Mills
Dec 8, 2014Agri-business company Olam International has agreed to acquire US peanut sheller McCleskey Mills, in a $176m deal. The acquisition is in line with Olam's strategy to invest in specific products, including edible nuts. McCleskey is ...
Tags: edible nuts, peanut sheller, Agriculture
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WCF and Leaders From The Global Cocoa Sector Have Convened in Copenhagen
Oct 28, 2014Hundreds of members of the World Cocoa Foundation (WCF) and leaders from the global cocoa sector have convened in Copenhagen, Denmark to take further crucial steps toward implementing a comprehensive strategy, called CocoaAction, to sustain ...
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Senior Executives and Cocoa Companies Are Signing a Joint Agreement with The Government
May 26, 2014Senior executives from 12 of the world's largest chocolate and cocoa companies are signing a joint agreement with the Government of Ghana as part of an unprecedented strategy to accelerate actions to make cocoa farming in the country ...
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Olam Plans to Invest $61m to Build a New Cocoa Processing Facility in Indonesia
May 21, 2014Agri-business company Olam International plans to invest around $61m to build a new cocoa processing facility in Indonesia. The facility will produce cocoa butter, cocoa cake and high quality cocoa powders, with an initial capacity of ...
Tags: Agri-business, Olam
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Olam SVI Expanded Its Spices Processing Facility in Ho Chi Minh City, Vietnam
Jan 13, 2014Olam Spices & Vegetable Ingredients (Olam SVI) has expanded its spices processing facility in Ho Chi Minh City, Vietnam. The 85,300ft2 plant enhances cleaning and storage processes for black pepper as well as adds capabilities to ...