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Kainos Capital To Sell Olde Thompson to Olam Food Ingredients
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DALLAS, April 28, 2021 /PRNewswire/ Kainos Capital ( Kainos ), a food and consumer-focused private equity firm, today announced that it has agreed to sell its portfolio company Olde Thompson to Olam Food Ingredients, an operating group of Olam International (SGX: 032), a global food and agri-business, in a transaction valued at $950 million. Olde Thompson was acquired by Kainos in May 2018.
Headquartered in Oxnard, California, Olde 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
DALLAS, April 28, 2021
DALLAS, April 28, 2021 /PRNewswire/ Kainos Capital ( Kainos ), a food and consumer-focused private equity firm, today announced that it has agreed to sell its portfolio company Olde Thompson to Olam Food Ingredients, an operating group of Olam International (SGX: 032), a global food and agri-business, in a transaction valued at $950 million. Olde Thompson was acquired by Kainos in May 2018.
Headquartered in Oxnard, California, Olde 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.
Olam Food Ingredients Buys Olde Thompson
Olam Food Ingredients, an operating group of
Olam International, a global food and agri-business, has agreed to purchase
Olde Thompson from
Kainos Capital, a food and consumer-focused private equity firm, to in a transaction valued at $950 million. Headquartered in Oxnard, California, Olde Thompson is a manufacturer and supplier of private label dry spices and seasonings in North America.
Andrew Rosen, managing partner of Kainos, said, “Our investment in Olde Thompson was driven by our thesis in the growing importance of spices and flavorings as consumers seek bolder taste profiles. After meeting Jeff Shumway, the founder of Olde Thompson, nearly a decade ago, we ultimately partnered in 2018 to pursue our shared vision to grow Olde Thompson into the largest dedicated private label provider of spices and seasonings. We accomplished this by investing in our manufacturing capabilities and customer development resources, and the acquis
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