OLDE THOMPSON acquired by OLAM FOOD INGREDIENTS (OFI)
Context
Olam Food Ingredients completed the acquisition of the U.S. spices blender Olde Thompson. Rationale underscores transformative synergies: OFI's farm-gate origination and sustainable spice chain merges with Olde Thompson's blending mastery and customer intimacy, unlocking comprehensive natural flavour portfolios amid surging demand for traceable retail staples. Timing leverages post-pandemic pantry-loading and clean-label acceleration; post-deal goals encompass expanded offerings, retail value co-creation, and EBITDA synergies via optimized supply.
OLDE THOMPSON, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.2x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Olde Thompson, a leading U.S.-based manufacturer of private label spices and seasonings, specializes in blending, grinding, and packaging solutions for retail brands seeking bold, authentic flavours. The company produces a comprehensive range of spice mixes, herbs, peppers, salts, and custom formulations, leveraging advanced facilities to deliver traceable, natural products for everyday pantry staples. With deep roots in the consumer goods supply chain, it caters to major grocers demanding consistency and innovation in shelf-stable seasonings. Its model focuses on end-to-end customization from sourcing to final pack, optimizing for retail velocity. Strategically, it emphasizes traceability and sustainability to meet clean-label demands, driving repeat business amid premium spice trends.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 500M - 1.5b USD
EBITDA range: 50M - 100M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: olde thompson