Olam Food Ingredients (ofi) has completed the acquisition of Canadian retail and private label coffee roaster Club Coffee for $116m
Club Coffee owns the Club Coffee Craft Roasters, Good host, Simply Sensational and Beaniac coffee brands | Photo credit: Olam Group
Olam Food Ingredients (ofi), part of Singapore-based food and agri-business Olam Group, has completed its acquisition of Club Coffee for CA$150m ($116m).
First announced in April 2022, ofi said the transaction aligns with its expanding private label and co-manufactured channel, which it describes as an ‘attractive, high value and growing’ part of its portfolio.
Club Coffee is one of Canada’s largest coffee roasters and private label coffee suppliers. Based in Toronto, the company owns the Club Coffee Craft Roasters, Good host, Simply Sensational and Beaniac coffee brands.
It distributes to both Canadian and US customers via online marketplace Amazon and produces a range of compostable coffee pods for both at-home and wholesale customers.
“I am delighted to welcome Club Coffee into ofi. Bringing together our respective expertise in sustainable sourcing and innovative packaging we are well-positioned to meet the increasing consumer demand in these areas, we expect to bring these benefits to our customers through this exciting combination,” said Vivek Verma, CEO, Coffee at ofi.
ofi offers a range of coffee, cocoa, dairy, nuts and spices, including private label options. Its parent company Olam Group supplies food, ingredients and agricultural feed to more than 29,000 customers in more than 60 countries around the world.
Olam Group also operates specialty green coffee businesses in the US and UK.