Olam Food Ingredients (OFI), the parent company has also reached a deal to acquire Canadian coffee roaster and packaging solutions firm Club Coffee L.P., expanding its portfolio of solutions. “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 increasing consumer demand in these areas,” said Vivek Verma, chief executive officer, Coffee for OFI, in a statement, adding, “We expect to bring these benefits to our customers through this exciting combination.”
Operating from facilities in Toronto, Club Coffee produces private label and co-manufactured products for the ‘At Home’ segment. OFI spent CAD $150 million to purchase the firm.
Olam offer a vast selection of traceable green coffees sourced from certified estates and network of farmers across Africa, Asia and Central and South America. Over 90% of its volumes are processed in its own mills supplying the quality and volumes customers need, while for specialty buyers, the discerning palates of their Q-graded cuppers and procurement teams help locate top quality beans from 30 different origins.