Latest Breaking News On - Mizkan america inc - Page 6 : comparemela.com
Olam Americas, Inc., a subsidiary of Olam International Ltd., has agreed to acquire the US-based chile pepper business (CPB) of Mizkan America, Inc. for $108.5 million.
Mizkan’s chile pepper business includes New Mexico green chiles as well as other specialty chile peppers; these are sold to manufacturing, retail, private label and foodservice customers.
This deal marks the first major acquisition for Olam Food Ingredients, which is the new operating group created earlier this year after the reorganization within Olam International Ltd. According to an Olam spokesperson, the acquisition is in line with its strategy to provide customers with on-trend food products and sustainable, natural, value-added ingredients and solutions.
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