OLAM International will buy Californian almond processor and ingredient manufacturer Hughson Nut Inc and its associated real estate assets from APB Partners for a total US$54 million, it said in a bourse filing on Tuesday.
Besides its two primary processing facilities, HNI also manufactures almond ingredients, such as sliced and diced almonds and almond flour in its newly commissioned ingredients processing plant, which also houses steam sterilisation and pasteurisation facilities. HNI is backed by three almond grower-family shareholders of APB Partners, who also supply HNI with almonds for processing.
It said the acquisition is part of its strategy to offer differentiated solutions, such as ingredients and product innovation, and to target new customer segments in co-manufacturing, food service and e-commerce.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reckoning with US opioid crisis as US$8 billion Ohio trial kicks offThe fight over who is responsible for the opioid epidemic that has ravaged the United States heads to court on Monday in Ohio as local governments ... Ok
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China seeks US$2.4 billion in sanctions against US in Obama-era case: WTOChina is seeking US$2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump praises US-China trade talks as Beijing seeks billions in WTO case against USPresident Donald Trump continued to speak optimistically about the possibility of a deal to end the U.S. trade war with China, telling reporters ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump says being president has cost him US$2 billion to US$5 billionWASHINGTON: US President Donald Trump said on Monday (Oct 21) that being president has cost him between US$2 billion and US$5 billion that he ... I’m crying sumptuous sympathy tears... 😆 That is absurd and just another lie He should feel free to resign and go back to his ‘businesses’
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump says being president has cost him US$2b to US$5bWASHINGTON: US President Donald Trump said on Monday (Oct 21) that being president has cost him between US$2 billion and US$5 billion that he ... Must everything has a price tag?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Drug companies avert landmark opioids trial as talks on US$48 billion settlement set to resumeFour large drug companies reached a last-minute US$260 million legal settlement on Monday over their role in the U.S. opioid addiction epidemic, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »