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Olam Food Ingredients acquires chili supplier

Olam Food Ingredients (OFI), the new operating group created after the reorganisation within Olam International Limited (OIL), is expanding its spices portfolio (Olam Spices) to meet the rising demand for authentic flavours with the acquisition of a supplier of premium green chilis, jalapeños and enchilada sauces.

OIL, through its subsidiary, Olam Americas. has agreed to acquire the US-based chili pepper business of major maker of condiments and sauces, Mizkan America, for US$108.5 million. This is the first major acquisition for OFI after the reorganization and is in line with its strategy to provide customers with on-trend food products and sustainable, natural, value-added ingredients and solutions.

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Olam Spices is a supplier of dried garlic, onion and chili-based ingredients and also sells pepper, tropical spices, purées and parsley. With its facility in Las Cruces, New Mexico, it is the largest organic chili grower and processor in the US, with full traceability from seed to delivery. It is one of OIL’s five leading food ingredient businesses, which along with Cocoa, Coffee, Nuts and Dairy, have come together under the OFI banner to co-create exciting category applications and solutions for its customers and their consumers.

 

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