Organic Flavour Company acquires Teamasters
Organic Flavour Company (OFC), a producer of organic tea, herbs, and spices, is pleased to announce that it has acquired a 100% stake in Teamasters on September 13, 2023. This strategic acquisition enables OFC to expand its product portfolio and achieve synergies in procurement and production. Teamasters specializes in the production of premium organic tea in pyramid bags and primarily focuses on private label production.
The key motive behind this strategic acquisition lies in the synergies between the two companies. These synergies extend not only to the product offering but also to procurement and production. Steven Kleinjan, founder and former owner of Teamasters, will acquire a stake in OFC and will serve as the Chief Commercial Officer (CCO) at OFC, contributing to the continued growth of both companies.
"With this merger, a broader range of herbs, spices, and teas in various packaging forms can be developed and produced. As a result, we have become an even more attractive partner for private label customers," said Steven Kleinjan, founder and owner of Teamasters, and in the new situation, the Chief Commercial Officer of Organic Flavour Company.
For more information, please contact:
Steven Kleinjan (CCO, OFC) – +31 6 22 45 20 26 / steven@teamasters.nl Peter van de Steeg (CEO, OFC) – +31 6 12 28 64 82 / p.van.de.steeg@ofc.nl Evert Hein Schuiteman (Partner, Anders Invest) – +31 6 55 76 65 13 / ehschuiteman@andersinvest.nl
