Catch up on the latest Olam news and delve more into how we’re driving innovation and change through our blog series.
Latest on Olam
3rd Dec, 2019
Olam Orchards Australia announces sale of permanent water rights in Australia to PSP Investments for A$490.0 million
Agreement includes revenue-sharing arrangement to operate almond orchards and access permanent water rights
Global food and agri-business, Olam International Limited (“Olam”), today announced that its wholly owned subsidiary Olam Orchards Australia (“OOA”) has entered into an agreement to sell 89,085 megalitres of its permanent water rights in Australia to a related entity of the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investment managers, for a total consideration of A$490.0 million (~US$332.5 million).
In a separate transaction, PSP Investments has agreed to acquire approximately 12,000 hectares of almond orchards and related assets in Victoria, Australia, which were previously leased to OOA. Both the almond orchards and the associated water rights will continue to be operated by OOA.
OOA has also entered into a new, tiered revenue sharing arrangement with PSP Investments for the almond orchards, rela
Olam International enters into a sale and tiered revenue share arrangement with Mesirow Financial for its U.S. onion and garlic real estate assets for US$110.3 million
Global food and agri-business Olam International Limited (Olam or the Company) today announced that its wholly owned subsidiary Olam West Coast Inc. has entered into an agreement to sell the real estate assets of its onion and garlic processing facility in Gilroy, California to Chicago-based investment management firm Mesirow Financial (Mesirow) for a total consideration of US$110.3 million. Olam has also entered into a tiered revenue sharing arrangement with Mesirow with whom it will share a part of the annual revenue from operating the assets for a period of 25 years.
Olam’s Managing Director and CEO of Spices, Greg Estep said: “We are pleased to have secured a long-term tiered revenue sharing agreement with Mesirow Financial for operating the onion and garlic assets for our U.S. Spices business. As a large, leading financial services firm in the U.S., Mesirow has been a long-term partner of many large corporations in real estate transactions so I am confident our partn
Olam Cocoa, the world’s foremost, focused supplier of cocoa beans and cocoa ingredients, will offer Food Ingredients Europe visitors a suite of delicious samples that invite them to experience the powerful taste impact which can be achieved by matching the right cocoa ingredient with the right recipe.
Delicious cocoa powders that maximise taste and support holistic health and wellness trends: deZaan TrueDark is the first ever, natural (non-alkalised) dark cocoa powder. Since 2015 it has been the leading option for recipes that require naturally intense cocoa taste impact and rich colour. And, for manufacturers catering to increasingly health conscious consumers, the lack of alkalisation meet their requirements for clean-labelling. Uniquely crafted cocoa powders that support reduced dietary sugar intake, reduced sodium intake, and reduced calorie diets will also be presented.
Distinctive, single origin and whole bean roasted cocoa liquors: Cocoa liquor is the key ingredi
The Goualougo Triangle - In Conversation with David Morgan
David Morgan and Crickette Sanz are co-directors of the Goualougo Triangle Ape Research Project which is a long-term research project focusing on the behavioural ecology of chimpanzees and gorillas in the Congo Basin. David, who is based at the Lincoln Park Zoo in Chicago, has been working in the Republic of Congo around the The Nouabalé-Ndoki National Park since 1996. Here he explains the history, the status and the importance of the Goualougo Triangle.
The partnership re-imagining the rice value chain in Nigeria
In conversation with Reji George, VP Rice Nigeria, Olam International and Dr Ben Odoemena, Country Programme Officer, UN International Fund for Agricultural Development (IFAD) – finalists of the 2019 P3 Impact Award in recognition of one of the first public-private partnerships to have transformative impact in Nigeria’s agricultural sector.
The Value Chain Development Program (VCDP) established in 2015 by Olam, in partnership with the Nigerian Government and IFAD, is working to improve the livelihoods of smallholder rice farmers in Nigeria by increasing food security, creating jobs and opening market access.