Olam Food Ingredients to acquire Olde Thompson from Kainos Capital for $950m.

Olam Food Ingredients, an operating group of Olam International, a global food and agri-business company, agreed to acquire Olde Thompson, a manufacturer and supplier of private label dry spices and seasonings, from Kainos Capital, a food and consumer-focused private equity firm, for $950m. "The acquisition of Olde Thompson by Olam is a terrific outcome for all of our key stakeholders. For our customers, this partnership pushes Olde Thompson to the forefront of ESG as it provides access to Olam's extraordinary international sourcing capabilities and spice expertise that will allow us to provide a new level of traceability and transparency to the marketplace. Our employees will benefit from additional resources and opportunities that will accelerate our growth even further," David Sugarman, Olde Thompson CEO.