Olam acquires leading Nigerian candy and biscuit maker

摘要

Olam International, a leading global, integrated supply chain manager and processor of agricultural products and food ingredients has acquired a leading Nigerian biscuits and candy maker through the acquisition of 100% equity interest in Titanium Holding Company and its subsidiaries for a price consideration of $167 million (€126.8m). Titanium Holding owns Nigeria's second largest biscuits and candy franchise with a turnover of approximately $162111 (€123171) in 2011.