Singapore's Olam sells 25 pct of packaged foods unit to Sanyo Foods for $187.5 mln
date:Aug 19, 2014
uarter of Olam's fiscal 2015.

An existing instant noodle joint venture between Olam and privately owned Sanyo will be folded into the new business, which will house all of Olam's packaged foods operations.

In the statement, Sanyo Foods' president Junichiro Ida said the deal strengthens what he call a strategic alliance with Olam, investing beyond the noodle business into a range of packaged food categories.
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