European private investment firm JAB Holdings has continued its aggressive expansion in the global beverage industry with a move to purchase Singaporean instant food and beverage maker, Super Group, for US$1.45 billion. JAB is the owner of Jacobs Douwe Egberts (JDE), which has launched the bid with the aim of delisting and privatizing the firm. JDE is offering US$0.94 in cash for each Super share, representing a 62.5 per cent premium over the stock’s value. JAB Holdings has built up a formidable portfolio of coffee brands in recent years, beginning with the purchase of Douwe Egberts Master Blenders in 2013, followed by a merger with Mondelez International in 2015. Later in 2015, JAB acquired US coffee maker Keurig Green Mountain for US$13.9 billion. JAB Holding Company is a privately held investment firm based in Luxembourg that manages the fortune of Germany’s Reimann family. Its portfolio includes a controlling stake of JDE, Peet’s Coffee & Tea, which brought Stumptown Coffee Roasters and Intelligentsia in 2015, Caribou Coffee, Einstein Noah Restaurant Group, Espresso House and Baresso Coffee.
ICO relaunches Coffee Sustainability Support Database
The International Coffee Organisation (ICO) has relaunched the Coffee Sustainability Support Database with new and improved digital features. Previously known...
