M&A Deal Summary

Olam Acquires McCleskey Mills

On December 5, 2014, Olam acquired food company McCleskey Mills for 176M USD

Acquisition Highlights
  • This is Olam’s 7th transaction in the Food sector.
  • This is Olam’s 3rd largest (disclosed) transaction.
  • This is Olam’s 4th transaction in the United States.
  • This is Olam’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2014-12-05
Target McCleskey Mills
Sector Food
Buyer(s) Olam
Deal Type Add-on Acquisition
Deal Value 176M USD

Target

McCleskey Mills

Smithville, Georgia, United States
MMI is currently the third largest peanut sheller in the US with a market share of approximately 12% and an annual capacity of approximately 250,000 Farmer Stock Tons (FST). MMI owns processing facilities at two locations in Georgia, the heart of the country’s peanut growing region in the Southeast. In addition, it owns or manages 20 buying points and farmer stock storage assets at strategic locations in the Southeast region with a strong franchise amongst growers. MMI has also built long-standing relationships with a diverse set of customers in the snack, peanut butter and confectionery space.

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Buyer(S) 1

Buyer

Olam

Singapore, Singapore
Category Company
Founded 1989
Sector Agriculture
Employees39,192
Revenue 35.8B SGD (2020)
DESCRIPTION

Olam is a Singapore listed global and integrated supply chain manager that sources, processes, distributes, and markets select agricultural commodities in around 60 countries across Europe, North and South America, Asia and Africa. It is the world’s largest player in cashew, sheanut and Robusta coffee markets and a significant global supplier of cocoa, cotton, rice, sugar, timber and sesame. Olam participates along the entire supply chain starting from the farm gate in the origin countries to the factory gates in destination countries. Olam was founded in 1989 and is based in Singapore.

DEAL STATS #
Overall 7 of 12
Sector (Food) 7 of 12
Type (Add-on Acquisition) 6 of 9
State (Georgia) 2 of 2
Country (United States) 4 of 7
Year (2014) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 Acacia Investments

United Arab Emirates

Acacia Investments is a provider of edible oil refining and distribution services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-16 Archer-Daniels-Midland - Global Cocoa Business

United States

Archer-Daniels-Midland - Global Cocoa Business produces cocoa and its unit includes many facilities and is located in Brazil, Canada, Germany, Ghana, and Singapore.

Buy $1.2B
Mergr

Product

Company

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