Olam buys US almond processor and its real estate assets for US$54m
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Singapore
OLAM International will buy Californian almond processor and ingredient manufacturer Hughson Nut Inc (HNI) and its associated real estate assets from APB Partners for a total of US$54 million, it said in a bourse filing on Tuesday.
The agri-business firm said HNI's extensive processing capabilities will allow Olam to offer an integrated solution across the almond value chain, complementing similar capabilities in Australia and Vietnam.
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