Netherlands: JDE and Peet’s Coffee to merge, explore IPO
Jacob’s Douwe Egberts, the leading coffee firm (formed from the merger of the Mondelez International and D.E Master Blenders 1753 businesses in 2014), and US speciality coffee firm Peet’s Coffee, are to be merged ahead of a potential IPO of the combined business in 2020. The exploration of an IPO is said to be a key […]
USA: Peet’s Coffee to take majority stake in Revive Kombucha
Peet’s Coffee, a US speciality coffee company, has announced it has acquired a majority stake in Revive Kombucha, a craft brewery based in Petaluma, California, for an undisclosed sum. Revive offers an array of naturally fermented, organic, GMO free, fair trade certified, and raw bottled kmobuchas, available in the varieties Ginger Lime, Original Cola, Hibiscus Refresher, Turmeric […]
USA: Peet’s Coffee and Tea to build roasting facility in Virginia
Peet’s Coffee & Tea, the US firm selling teas, coffees and related accessories, is to build a new roasting facility in the state of Virginia in order to better serve consumers on the east coast, according to an article in the Tea & Coffee Trade Journal. The new 175,000-sq ft roastery in the city of Suffolk […]
USA: Peet’s Coffee & Tea buys Mighty Leaf Tea
Peet’s Coffee & Tea, Inc. has acquired Mighty Leaf Tea in a partnership with private investment firm Next World Group, Food Business News reports. The acquisition of Mighty Leaf Tea, a handcrafted tea manufacturer which makes artisanal teas in a compostable mesh pouch, is aimed at bolstering Peet’s presence in the premium tea market. Mighty […]