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Awani Capital partners with Kalustyan to accelerate growth
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Thursday, 02 July, 2026, 13 : 00 PM [IST]
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Washington DC, USA
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Awani Capital Management has entered into a strategic partnership with the owners of Kalustyan, a leading provider of specialty ingredients to spice blenders, food processors, flavour and fragrance manufacturers, and private-label bottlers. The partnership positions it to accelerate growth and expand its market leadership through its operational and strategic capabilities, capital, and experience scaling founder-led businesses, while building on the company's longstanding reputation for quality, reliability, and customer service.
Errol Karakash, CEO of Kalustyan, said, "In Awani, we have found a partner with experienced professionals to help us accelerate growth and pursue new opportunities. Importantly, our day-to-day operations and our 35-year commitment to delivering exceptional service remain unchanged. We share a common vision for the future of Kalustyan, and this partnership strengthens our ability to achieve it."
The investment will fund expanded capacity, deeper sourcing relationships, ongoing operational improvements, and enhanced customer service, while preserving the company's existing leadership and culture.
T. Otey Smith at Awani, said, "We are honoured to partner with Errol, Serge, and the Kalustyan team to build on the company's remarkable legacy. For more than three decades, Kalustyan has distinguished itself through deep sourcing expertise, exceptional quality, and unwavering customer service. We look forward to supporting the next phase of growth while carrying forward the entrepreneurial culture and values that have driven its success."
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