Olam Agri Acquisition & Valuation

Olam Group Ltd is a food and agri-business supplying customers with food ingredients, feed, and fibre. The company and its subsidiaries operate in the following business segments: Olam Food Ingredients, Olam Global Agri, and the Remaining Olam Group. It generates maximum revenue from the Olam Global Agri segment, which is engaged in the origination, processing, trading, logistics, and distribution of grains, animal feed and protein, edible oil, rice, cotton, rubber, and wood products. It also provides commodity financial services. Geographically, the company derives majority of its revenue from Asia, the Middle East, and Australia, and the rest from Africa, Europe, and the Americas.

Bowery Farming is a New York City-based vertical farming company founded in 2015 that operates indoor facilities in New York, Pennsylvania, Maryland, and Kentucky. The company grows pesticide-free leafy greens, herbs, strawberries, and microgreens using its proprietary BoweryOS platform, which integrates computer vision, automation, and machine learning for continuous plant monitoring. These farms achieve 95 percent less water usage and over 100 times the productivity per square foot compared to traditional field farming. Bowery produce reaches consumers through Whole Foods Market locations across the Northeast, select Foragers Market stores in the New York area, and menus at Tom Colicchio's Craft and Fowler & Wells restaurants in Manhattan.

Apeel Sciences is a Santa Barbara-based agtech company producing plant-derived coatings that extend shelf life for avocados, apples, mangos, cucumbers, and citrus fruits. The edible barriers reduce water loss and oxidation, enabling longer supply chains without refrigeration for growers in the United States, Mexico, and Europe.

China ZhongDi Dairy is a Hong Kong-listed company operating in import trading and dairy farming segments. Its import trading division handles cows, feeds, and agency services for international suppliers. The dairy farming unit breeds dairy cows, produces raw milk, and sells reproduced heifers. Headquartered in China, it supplies milk products to domestic markets through integrated production and trading operations.

Balaji Wafers is a Mathura-based snack manufacturer in Uttar Pradesh, India, specializing in namkeen products like wafers, bhujia, and sev. Established in 1976, the company distributes across India through a network serving major cities and exports to international markets. Its product range includes flavored potato chips, extruded snacks, and traditional Indian savory mixes, available on its website balajiwafers.com.

Farmers Business Network is a San Carlos-headquartered agricultural technology platform that equips farmers in the United States, Canada, Brazil, and Argentina with data-driven tools for crop management. It offers e-commerce for farm inputs like seeds and fertilizers, agronomic insights from satellite imagery and soil sensors, crop marketing services, and insurance products. The farmer-to-farmer network fosters peer benchmarking on yields and costs. FBN Finance provides direct lending for equipment and inputs, while its marketplace connects producers to buyers for grains and oilseeds.

Kewpie Corp is a Japanese packaged-food company. The company operates through six segments. The Common segment handles shared operations such as food manufacturing machinery and general food products. The Fine Chemicals segment produces ingredients like hyaluronic acid and egg yolk lecithin for pharmaceuticals, cosmetics, and food applications. The For Business Use and For Commercial Use segments manufacture and sell mayonnaise, dressings, pasta sauces, egg products, and salads for household and institutional markets. The Fruit Solutions segment offers jams and processed fruit products for home and industrial use, while the Overseas segment manufactures and sells food products such as mayonnaise and dressings in markets across Asia, North America, and other regions.

Oman India Fertiliser Co SAOG is a joint venture between Oman and India, focused on the production of ammonia and urea. The Company operates a two-train ammonia and a two-train urea fertiliser manufacturing facility in Oman, with a nameplate production capacity of approximately 1.15 million metric tonnes of ammonia per annum and around 1.65 million metric tonnes of urea per annum. mIt combines Oman's energy advantage - leveraging abundant natural gas as its primary feedstock - with India's agricultural demand as its key offtake market, creating a platform for growth in other markets.

Patanjali Foods Ltd is engaged in the business of processing oilseeds and refining crude oil for edible use. It operates through the following segments: Edible Oils, Food & FMCG, and Wind Power Generation. The Edible Oils Crude oils segment includes Refined oils, Vanaspati, Bakery fats, seed extractions and other related products. The Food & FMCG segment includes various types of Food Products, Nutraceuticals, Biscuits, Noodles, Breakfast Cereals, Textured Soya protein and other related products. The Wind Power Generation segment involves electricity generation from windmills.

Hindustan Coca-Cola Beverages is the largest Coca-Cola bottler in India, operating 16 factories as the company's key franchise partner for producing and distributing Coca-Cola's beverage portfolio, including Sprite and Fanta, across the country.

Embotelladora Andina SA is a Coca-Cola bottler in Latin America whose principal activity is to produce, bottle, commercialize, and distribute the products under registered trademarks of The Coca-Cola Company (TCCC), as well as commercialize and distribute some brands of other companies such as Monster, AB InBev, Diageo and Capel, among others. The Company maintains operations and is licensed to produce, commercialize, and distribute such products in certain territories in Chile, Brazil, Argentina, and Paraguay. Its operating segments are: Operations in Chile, Operation in Brazil, Operation in Argentina, and Operation in Paraguay. The group generates the majority of its revenue from the Operations in Chile segment.

Uni-President China is a leading instant food and beverage manufacturer in mainland China. Its major products include ready-to-drink tea, coffee, juice, and instant food such as instant noodles and self-heating packaged food. It is majority-owned by parent company Uni-President Enterprises Corporation, a leading food conglomerate in Taiwan.

Want Want is a leading player in the China packaged food and beverage sector. The company was founded in 1962 in Taiwan and entered the mainland Chinese market in 1989. Its flagship products, such as Hot-Kid milk and Want Want rice crackers, are market leaders in the respective segments. With a primary focus on mainland China, the company also exports to overseas markets. As of March 2025, Want Want China had 419 sales offices, 35 production bases, and 89 factories on the Chinese mainland and worked with around 10,000 distributors.

San Miguel Food And Beverage Inc is a food company located in the Philippines. The company and its subsidiaries are involved in poultry and livestock operations, feeds and flour milling, dairy and coffee operations, franchising, and young animal ration manufacturing and distribution. The firm sells and markets its products under B-meg, Magnolia, Monterey, San Miguel Mills, and Pure Foods brand names. The operating segments of the company include Beer and non-alcoholic beverages (NAB), Spirits, and Food. The company generates maximum revenue from the Food segment.

Strauss Group Ltd is a food and beverage company that holds a portfolio of companies including Strauss Coffee B.V., which produces coffee, teas, and other complementary products, and provides coffee services to hotels, restaurants, cafes, and working places; Strauss Israel, which offers a variety of products such as dairies, snacks, and drinks to Israel food market; Strauss Water, which specializes in drinking water solutions; and PepsiCo-Strauss Fresh Dips and Spreads, which supplies vegetarian dips and fresh foods. Its geographical segments are Israel, and Europe and the Rest of the World, of which the company generates most of its revenue from Israel.

Nisshin Seifun Group Inc is a Japan-based company mainly engaged in the flour milling business, food business, and prepared meals and prepared foods business. The company operates through four segments. The Flour Milling segment covers flour, bran, and related products. The Food segment includes premixes, household flour, pasta, sauces, frozen foods, baking ingredients, biochemical products, health foods, and drug discovery support. The Ready-made Meals segment provides cooked foods such as bento boxes, side dishes, and noodles. The Others segment includes engineering, cargo handling, storage, and other non-core businesses. It generates the majority of its revenue from the Flour Milling segment.

NH Foods Ltd is a Japanese packaged-food company. The company offers a broad selection of products: hams, sausages, processed foods, marine products, dairy products, and health food. The company operates through ballpark, meat, processing, and overseas business headquarters. The Meat Business Headquarters focuses on meat production and sales in Japan. The Processing Business Headquarters manufactures and sells ham, sausages, processed foods, and dairy products domestically. The Overseas Business Headquarters engages in the production and sale of meat, ham, sausages, and processed foods abroad. It generates the majority of its revenue from the Meat business.

PI Industries Ltd manufactures, distributes, and sells agrochemicals, specialty fertilizers, and seeds to the agriculture industry. The firm's agrochemicals portfolio includes insecticides, fungicides, and plant health products. The company competes on price with the manufacture and sale of generic products. PI Industries reports sales across two geographical segments: within India and outside India. The outside India division represents its business division predominantly in Japan, Germany, and China. In India, the firm sells its products through a large network of distributors and retail outlets. The company has one reportable business segment which is Agro Chemicals.