Olam completes Gilroy Foods & Flavors purchase

by Eric Schroeder
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SINGAPORE — Olam International has completed the acquisition of the Gilroy Foods & Flavors dehydrated and vegetable product operations of Omaha-based ConAgra Foods, Inc. for $250 million. The transaction includes substantially all of the assets of Gilroy Foods & Flavors’ dehydrated garlic, onion, capsicum and Controlled Moisture, GardenFrost, Redi-Made and fresh vegetable operations, all of which are part of ConAgra’s Commercial Foods segment. Sales for the operations were approximately $300 million in fiscal 2010.

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