Olde Thompson acquires Gel Spice

Olde Thompson, a California-owned private-label spice and seasoning manufacturer, announced that it has acquired Gel Spice, a spice producer in New Jersey.

Founded in 1955, Gel Spice is a family-owned importer and manufacturer of spices, baking ingredients and condiments, serving the retail and catering industry.

Olde Thompson is a portfolio company of Kainos Capital, which is a private equity company focused on the food and consumer products sector.

Kainos said that the acquisition will expand Olde Thompson's products into small bag products, extracts and single-serving seasonings used in meal packs and other applications, expanding customer channels.

Andrew Rosen, managing partner of Kainos Capital, said: "Through the acquisition of Gel, Olde Thompson will operate on the east and west coasts of the United States, and will also significantly expand production and distribution capabilities, as well as the ability to develop new businesses."

"The transaction also brought a strong sales team, allowing Olde Thompson to serve more customers in the new channel."

The financial terms of the transaction have not been disclosed.