Singapore commodity trader Olam International Ltd. has agreed to buy Georgia-based Universal Blanchers LLC peanut processing firm for $77 million.

Universal Blanchers, headquartered in Peachtree City, supplies peanut butter and paste to snack and confectionary makers.

The purchase will allow Olam to expand into the U.S. peanut processing business.

Olam is a global supply chain manager of agricultural products and food ingredients that operates an integrated supply chain for 14 products sourced from 12,000 collection points in 35 countries and delivers them to more than 3,000 customers in 50 markets.

Its main products are cashews, cocoa, coffee, sesame, sheanuts, rice and teak wood.

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