BeansBlogUncategorized

JDE Peet’s to acquire Campos Coffee, a specialty coffee leader in Australia

JDE Peet’s and Campos Coffee have announced that JDE Peet’s would purchase Campos Coffee. The acquisition is scheduled to close in July 2021, subject to a few pre-closing conditions. There were no further terms provided.

Campos Coffee is Australia’s speciality coffee leader, with over 600 cafés and distribution methods spanning direct-to-consumer, retail, and its own flagship cafés. The Campos team has established a robust and expanding company that compliments JDE Peet’s Australian coffee company in both the out-of-home and retail sectors throughout the years.

“The Campos team have created a fantastic brand and network across Australia, delivering award winning and consistently great coffee to their customers,” said Albert Moncau, General Manager, JDE Peet’s Australia & New Zealand. The company is a great fit for us, and we’re excited to welcome the Campos team into our world of coffee and tea, learn from each other’s knowledge, and expand on their award-winning coffee experience.”

“We are very proud of what we have done from our modest beginnings on the streets of Newtown in Sydney,” said Will Young, the company’s founder. The purchase will allow the Campos brand to achieve its full potential. By honouring the legacy and distinctiveness of local coffee companies, JDE Peet’s has grown to become Australia’s top pure-play coffee company. We are sure that under their leadership, Campos can and will continue to expand by focusing on what has made us Australia’s number one speciality coffee brand – high-quality coffee and excellent service to our café partners.”

Read more • globalnewswire.com

Leave a Reply

Your email address will not be published. Required fields are marked *