Awani Capital Management, LP has announced a strategic partnership with the owners of Kalustyan, a provider of speciality ingredients to the spice blending, food processing, and flavour and fragrance sectors. The investment aims to support Kalustyan in scaling its operations and expanding its market leadership.
Partnership Details
The partnership combines the operational resources and strategic experience of Awani Capital Management with Kalustyan's existing market position. Kalustyan, which has operated for 35 years, provides ingredients to a diverse range of customers, including spice blenders and private-label bottlers.
The investment is structured to support the company’s long-term growth objectives while maintaining its focus on quality, reliability, and service. According to the firm, the capital will be utilised to fund the following areas:
Capacity Expansion: Increasing production and operational capabilities to meet growing demand.
Sourcing Relationships: Deepening ties with existing suppliers and developing new sourcing networks.
Operational Improvements: Investing in internal processes to enhance efficiency and service delivery.
Operational Continuity
The partnership maintains the existing leadership and entrepreneurial culture at Kalustyan. Errol Karakash, CEO of Kalustyan, noted that day-to-day operations and the company's commitment to service will remain unchanged.
T. Otey Smith, representing Awani Capital Management, stated that the firm aims to support the next phase of the company's growth while preserving the legacy established over the past three decades.
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