Olam Gobbles Up Nigerian Biscuit Maker For $167M
Olam, which makes agricultural products and food ingredients, said the deal for Titanium immediately would be earnings and cash flow accretive.
Titanium owns the second-largest biscuit, or cookie, and sugar candy outfit in Nigeria and reported $162 million in sales in 2011, according to Olam. A steadily increasing market share for...
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