Olam International forms coffee and nuts JV with Guzman Global in Spain

OLAM International has paid 1.88 million euros (S$3 million) for a 29 per cent stake in Guzman Coffee & Nuts (GC&N), in Spain.

GC&N is a joint venture with Guzman Global holding the remaining stake.

GC&N will import and distribute coffee and edible nuts in the Spanish and Portuguese markets.

GC&N is now also an associate company of Olam.