Olam Food Ingredients $950 million acquisition of Olde Thompson
Davis Polk is advising Olam Food Ingredients in connection with its acquisition of Olde Thompson from Kainos Capital and Olde Thompson’s management shareholders at an enterprise value of $950 million. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021.
Olam Food Ingredients is a new operating group born out of Olam International Limited, a Singapore-headquartered food and agri-business. OFI offers sustainable, natural, value-added food and beverage ingredients and solutions so that consumers can enjoy the healthy and indulgent products. Established in 1944, Olde Thompson is a leading manufacturer of private label spices, seasonings, baking ingredients and spice-related housewares in the United States.
The Davis Polk corporate team includes partner Brian Wolfe and associates Arthur M.T. Burke, Michael Gilson, Alex Yang. Partner William A. Curran is providing tax advice. Partner Hilary Dengel and counsel Welton E. Blount are providing finance advice. Partner Ronan P. Harty is providing antitrust and competition advice. The intellectual property and technology transactions team includes partner Pritesh P. Shah. The executive compensation team includes partner Adam Kaminsky. Members of the Davis Polk team are based in the New York and Washington DC offices.