date:Jun 08, 2012
and in the category.
According to Olam, the purchase of an existing player with modern manufacturing capabilities would speed up its entry into dairy and beverage segments, allowing it to take advantage of Nigeria's fast growing consumer market.
Olam packaged foods senior vice president and head M Ramanarayanan said the acquisition enables the company's packaged foods business to enter and scale up in another large packaged foods segment in Nigeria.
We believe that Olam, combined with the assets