The move comes as Olam Food Ingredients seeks to meet the rising demand for bold, authentic flavours by expanding its Spices portfolio (Olam Spices), says the group in a statement on Dec 21.
Olam Food Ingredients, through its subsidiary Olam Americas, has acquired US-based chile pepper business (CPB), Mizkan America for US$108.5 million ($144.0 million).
This includes an estimated net working capital of US$55.0 million, subject to net working capital adjustment at closing.
