Osem acquires hummus processor
October 3, 2008
Israel's Osem Group, Tel Aviv, said it purchased Tribe Mediterranean Foods LLC, a Taunton, Mass., processor and marketer of refrigerated all-natural and organic hummus products. Media reports the purchase price at $57 million. A diversified food processor, Osem has operations in the United States, United Kingdom, Sweden and the Czech Republic. Officials said Tribe Mediterranean will be incorporated into Osem's Prepared Foods Division. Nestle S.A., Vevey, Switzerland, owns a majority stake in Osem.