Olam Food Ingredients (OFI) has completed the acquisition of Club Coffee for CAD 150 million (approx. $116.5 million).
Club Coffee is said to be one of Canada’s largest coffee roasters and packaging solution providers to the at-home sector. The company serves private label customers and retail brands from its facilities in Toronto.
The acquisition is part of OFI’s strategy “to deliver sustainable, natural, value-added food and beverage ingredients and solutions through a diverse channel mix, to customers across the globe”.
OFI’s managing director and CEO of coffee, Vivek Verma, said: “I am delighted to welcome Club Coffee into OFI. Bringing together our respective expertise in sustainable sourcing and innovative packaging, we are well-positioned to meet the increasing consumer demand in these areas, we expect to bring these benefits to our customers through this exciting combination.”
© FoodBev Media Ltd 2022
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