Bi-coastal private label and branded spices and seasonings manufacturer
Founded in 1944 and headquartered in Oxnard, California, Olde Thompson is a leading supplier of private label and branded spices and seasonings, dry mixes, and extracts with a bi-coastal footprint. The Company is a trusted partner to its global customer base across the retail, foodservice, industrial, bakery, and export channels. Olde Thompson provides complete spice category solutions for its domestic and international customers. By using stringent food safety practices and a network of global sourcing relationships, Olde Thompson ensures its products meet numerous safety and quality standards out of its combined footprint of 690,000 square feet. Its bi-coastal footprint ensures efficient production and distribution at scale. In addition to its array of private label and branded spices, including peppers, salts, garlic powders, onion powders, turmeric, dry mixes in pouches, assorted value-added seasoning blends and rubs, Olde Thompson offers extracts and single serve seasoning sachets for meal kits and other applications. Olde Thompson’s products are made to help make food preparation easier and more flavorful.
The Value Creation Opportunity
The Kainos team recognized that retailers drive disproportionate growth in their spice and ingredient aisles by increasing their private label offering. As a result, retailers benefit from partnering with low-cost manufacturing providers that can offer product innovation, as consumers continue to seek enhanced and diversified flavor experiences. The Kainos team maintained a close relationship with Jeff Shumway, the Company’s CEO, since meeting in early 2014. When Jeff decided to sell the business four years later, he sought a partner who could help him strategically expand Olde Thompson. He chose Kainos in 2018. Olde Thompson represents a strong platform upon which Jeff and Kainos are building a national spices and seasonings supplier that provides category leadership and complete solutions for its customers’ private label programs.
Change Capital At Work
Together with Jeff Shumway, we helped recruit a best-in-class management team with key hires including an SVP of Operations, CFO, EVP of Sales, and Director of Procurement. Alongside the Olde Thompson team, the Kainos Operations Team led several initiatives that helped drive substantial improvement in manufacturing and supply chain processes. At the time the investment, Kainos identified an opportunity to invest in sales capabilities and production capacity that led substantial sales growth and customer diversification during our investment. Finally, through the acquisition of Gel Spice from the Engel family in 2020, we created a bi-coastal platform with redundant supply and a broader product portfolio and customer base.
Our Change Capital initiatives were accomplished in just three years after nearly tripling the business.Back