Investments, M&A & Funding

This new, “first-of-its-kind facility” marks the transition from concept validation to large-scale production targeting up to 400 tonnes of olive flour each season.

The announcement signals a major strategic pivot for one of North America’s most storied rice companies and reflects broader industry trends toward localized supply chain resilience.

This strategic takeover comes at a pivotal moment for Forafric, which has been grappling with a complex financial restructuring while maintaining its status as a leading player in transforming wheat and producing staple goods like flour, semolina, and couscous.

The US$40 million investment strengthens Olam Agri’s wheat milling and pasta manufacturing capabilities in West Africa and represents a major milestone in Ghana’s drive to deepen domestic production, enhance food security, and accelerate industrial growth.

By adding a specialized bakery arm to its portfolio, LSDH is evolving into a multi-category food powerhouse.