Olam: Acquired the bulk spices assets and businesses of Vallabhdas Kanji (“VKL”) for a US$18m. The assets acquired include a spice processing facility in Cochin, India, a pepper grinding factory in Vietnam and its sales, distribution operations and capsicum production in North America. VKL is a leading processor & exporter of multiple spices in both bulk and consumer. Besides processing and blending for industrial customers, it also offers retail packs for spices and seasonings to customers across US and Europe.
Olam is trading a fwd P/E of 11x compared to Noble at 10.6x
No comments:
Post a Comment