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Olam International
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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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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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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 Has Sold Its 50% Stake in Lansing Olam Canada in a $5.4m Deal
Jan 6, 2014Olam International, a Singapore-based food ingredients supplier, has sold its 50% stake in Lansing Olam Canada in a $5.4m deal. Lansing Olam Canada is a joint venture between Olam and Lansing Trade Group. The transaction was completed ...
Tags: food ingredients, Olam
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Olam International to Divest up to 14.99% Stake in OCD to Talley's Group for NZ$46.5m
Dec 26, 2013Olam International, a Singapore-based food ingredients supplier, has signed an agreement to divest up to 14.99% of its stake in New Zealand-based Open Country Dairy (OCD) to Talley’s Group for NZ$46.5m. The company currently holds a ...
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Dirranbandi Cotton Gin Is Bought by Cubbie in Australia
Nov 6, 2013Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool trader Lempriere Group in the ratio of 80:20, has bought a cotton gin in Dirranbandi from ...
Tags: Cotton Gin, Cubbie Ag
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Olam Australia Has Sold Its Dirranbandi Cotton Gin in Queensland to Cubbie Ginnery Pty Ltd
Nov 6, 2013Olam Australia, the wholly owned subsidiary of Olam International Limited, has sold its Dirranbandi cotton gin in Queensland to Cubbie Ginnery Pty Ltd for A$20.0 million. Olam Australia’s Executive Director and Country Head Bob ...
Tags: Olam, Cotton Gin