Olam International has sold its Cote d’Ivoire dairy plant to FrieslandCampina in a US$18.7m deal.

The plant produces sweetened condensed milk and evaporated milk for local consumers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

In addition, Olam has sold its trademark “Pearl” for US$6.3m, which FrieslandCampina will use for sweet condensed and evaporated milk products in certain countries across Africa.

Olam said in a statement the move is part of its restructuring plans of its dairy products portfolio to allow it to focus on “other upstream and midstream parts of its dairy business”.

Cees ‘t Hart, FrieslandCampina’s CEO, said: “We are pleased with this acquisition in Côte d’Ivoire. It enables us to further strengthen our position in west Africa.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now