Olam

Olam: Acquiring the business of one of the world’s largest cocoa processors and suppliers, Archer Daniels Midland (ADM), for US$1.3b, entrenching Olam's position as a global top three cocoa processor. The transaction is expected to be accretive in its first full year, with segmental EBITDA growth of between 86%-95%, overall group EBITDA growth of between 20%-22% and bottom line growth of between 25%-30% by FY2018. One of the world’s largest processors and suppliers of cocoa liquor, powder and butter, ADM’s worldwide cocoa business includes processing assets comprising 8 factories with total capacity of 600,000 MT, 10 warehouses, 2 usines, 4 innovation centres, the iconic deZaan® brand and its 2,150 plus customer franchise, and a marketing network across 16 countries.