SINGAPORE — Olam International Limited announced on Feb. 2 that it has completed the sale of a 25% stake in Olam’s Packaged Foods business to Sanyo Foods Co. Ltd.

The company has received cash proceeds of $167.5 million and has added $79.6 million to its capital reserves. Following the completion of the sale, Olam owns 75% of Caraway Pte Ltd., the holding company for all of the company’s Packaged Foods businesses with the balance 25% owned by Sanyo Foods.