Olam entered the hazelnut business through the acquisition of the Progıda Group in Turkey, at the end of 2011. Progıda was founded by Pisani & Rickertsen GmbH, Hamburg in 1988. This acquisition makes Olam one of the leading manufacturers and suppliers of natural and semi-finished hazelnut kernels to the global confectionery industries and amongst the top 3 hazelnut exporters from Turkey.
The acquisition is aligned with Olam’s strategy to become a global leader in the Edible Nuts category. It strengthens Olam’s midstream presence as a value-added ingredient supplier to the confectionery industry, primarily in Europe.
Click here to meet the farmers behind Olam’s hazelnuts and find out more about driving sustainability in the supply chain through our interactive, featured in the Guardian’s Know Your Nuts series.
Visit the Progıda Group website here.