OLAM of Singapore acquires Turkish hazelnut producer

Dünya - Singaporean agricultural products supplier OLAM International has acquired one of Türkiye’s leading hazelnut producers, Progida, for USD 38 million.

The investment positions OLAM to be a major supplier of cashew, almond, peanuts and hazelnuts in the world and an important ingredient supplier for chocolate and sweets in Europe.

Türkiye is the world’s number one producer of hazelnuts.