SG's commodity trader Olam to acquire US spice firm for $950m

Photo: Bloomberg

Commodity trader Olam International Ltd said on Thursday its soon-to-be listed food ingredients business will buy U.S. spice company Olde Thompson for $950 million.

The Singapore-based trader plans to separate and list Olam Food Ingredients (OFI), which includes cocoa, coffee, and edible nuts, by the first half of next year as part of a wider restructuring that would see it split into two new operating businesses.

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