Caribou Coffee Company Inc. (Minneapolis, Minn.), the second largest company-owned premium coffeehouse operator in the United States, is being taken private by Germany’s Joh. A. Benckiser Group (JAB) in a deal worth approximately $340 million. Founded in 1992, Caribou Coffee serves 100% Rainforest Alliance certified coffee and espresso. The 610-plus chain will be operated as an independent company. “Caribou has a fantastic brand and unique culture, and fits perfectly with JAB’s investment philosophy of investing in premium and unique brands in attractive growth categories like coffee,” said Bart Becht, JAB chairman. In summer 2012 JAB bought a majority stake in Peet’s Coffee & Tea Inc. for approximately $1 billion.
Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.
For more finance and investment information, visit Nutrition Capital Network news