LONDON — OFI, a business of Olam Food Ingredients, has completed the acquisition of Club Coffee LP for approximately $117 million. The transaction first was announced on April 26.
Headquartered in Etobicoke, Ont., Club Coffee is one of Canada’s largest coffee roasters and packaging solutions providers for the at-home segment. The company serves private label customers and retail brands from its facilities in Toronto.
Club Coffee’s brands include Club Coffee Craft Roasters, Good Host, Simply Sensational and Beaniac.“I am delighted to welcome Club Coffee into OFI,” said Vivek Verma, chief executive officer and managing director of 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.”