25 October 2016

Olam Buys East African Coffee Specialist Schluter for $7.5m

Olam International buys 100% of Schluter S.A., it says in e-mailed statement Monday.

* Schluter is independent co. based in Switzerland, specializing in trading East African specialty and premium arabica coffee;
* Purchase funded by internal accruals, existing debt facilities; Schluter will become specialty arm of Olam Coffee in Europe. Source: Bloomberg