Olam Food Ingredients acquires spices supplier Olde Thompson for $950M

29 April 2021 | News

Olde Thompson is the largest dedicated manufacturer and supplier of private label dry spices and seasonings in North America Image credit- shutterstock.com Image credit- shutterstock.com

Kainos Capital, a food and consumer-focused private equity firm, has announced that it has agreed to sell its portfolio company Olde Thompson to Olam Food Ingredients, an operating group of Olam International, a global food and agri-business, in a transaction valued at $950 millionOlde Thompson was acquired by Kainos in May 2018.

Headquartered in Oxnard, CaliforniaOlde Thompson is the largest dedicated manufacturer and supplier of private label dry spices and seasonings in North America. Last year Olde Thompson acquired Gel Spice, which further established it as a leader in the spice category. 

The acquisition created a differentiated bi-coastal manufacturing footprint, unlocked additional channels, and expanded the company's product offering into pouches, extracts and single serve seasonings for meal kits and other applications.

The Kainos team has invested over $2 billion of equity in over 75 investments with a total value over $12 billion over the last 25 years. Kainos specializes in investing in family and founder owned businesses where it can be a value-added partner and instill a culture of operational excellence through its sales development, manufacturing, supply chain and administrative expertise.

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