Kainos Capital (Kainos), a food and consumer-focused private equity firm, is to sell its portfolio company Olde Thompson to Olam Food Ingredients, an operating group of global food and agri-business Olam International
Headquartered in Oxnard, California, Olde Thompson is the largest dedicated manufacturer and supplier of private label dry spices and seasonings in North America. Last year Olde Thompson acquired Gel Spice, which further established it as a leader in the spice category. The acquisition created a differentiated bi-coastal manufacturing footprint, unlocked additional channels, and expanded the company’s product offering into pouches, extracts and single serve seasonings for meal kits and other applications.
The Kainos team has invested over USD2 billion of equity in over 75 investments with a total value over USD12 billion over the last 25 years. Kainos specializes in investing in family and founder owned businesses where it can be a value-added partner and instil a culture of operational excellence through its sales development, manufacturing, supply chain and administrative expertise.
Source: Private Equity Wire
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