SCB Global Java Holdings, a specialty holding company managed by SCB Global Capital Management, has announced the acquisition of White Tale Coffee.
White Tale, located in Colorado, United States, offers premium single-origin coffee primarily through an e-commerce subscription platform at www.whitetalecoffee.com. As part of the acquisition, the founders of White Tale will retain an ongoing ownership interest SCB Global Java.
“We are very much looking forward to being part of the SCB Global Java family. The premium coffee platform that they are building appealed to us, as they respect the individuality of each brand, while bringing economies of scale to a number of functional areas that are challenges for standalone businesses,” White Tale Coffee founders Nico Anzellini and Tomás Gutiérrez say.
SCB Global Java Holdings was formed exclusively for the purpose of acquiring and making non-control investments in premium and specialty coffees and related products. Its prior investments include Caribbean Coffee Company and Bona Fide Nitro Coffee & Tea. The company also announced the appointment of Robert Novick as its Chief Executive Officer.
Novick joins SCB Global Java after co-founding and transacting Envision Business Consulting, a regional business consultancy focused on strategy, business process, and human capital for the Fortune 1000.
“I couldn't be more excited to join SCB Global Java. Our leadership team, advisors, and brands position us for significant growth and an exciting future,” Novick says.
“We are very excited to announce the acquisition of White Tale Coffee. The brand and brand promise that White Tale has created fills a very important segment of SCB Global Java's premium coffee ecosystem.
“We are also excited to leverage the direct-to-consumer technology platform that White Tale has developed. In today's environment it's critical to differentiate and reach consumers on their terms. This unique platform will allow us to not only introduce more people to White Tale, but also to expand the direct to consumer offerings among our other specialty coffee brands.”