JDE Peet’s completes transaction to manufacture, market and sell Caribou-branded consumer and foodservice coffee products
26 Marzo 2024 - 6:00PM
JDE Peet’s completes transaction to manufacture, market and sell
Caribou-branded consumer and foodservice coffee products
PRESS RELEASE
Amsterdam, 26 March 2024
JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play
coffee and tea company by revenue, today announced the completion
of the previously announced transaction under which the company has
been granted a long-term global license to manufacture, market and
sell Caribou consumer and foodservice coffee products, excluding
Caribou coffeehouses. The transaction provides JDE Peet’s a strong
platform to expand its premium coffee portfolio in the United
States, the largest coffee market in the world, in which the
company already sells and distributes Peet’s coffee, Stumptown,
Intelligentsia and L’OR coffee.
Under the terms of the agreement, JDE Peet’s has acquired
Caribou’s coffee roasting operations in Minneapolis, Minnesota. The
two companies have also entered into a long-term strategic
arrangement under which JDE Peet’s will supply coffee to, and
coffee products for sale in, Caribou’s coffeehouses. With over 800
coffeehouses in 11 countries, Caribou has made significant progress
in its retail expansion plan which is expected to substantially
increase the number of coffeehouses in the United States and abroad
in the coming years.
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Enquiries
MediaWill Hummel+31 6 3917
7280Media@JDEPeets.com
Investors & AnalystsRobin Jansen+31 6 1594
4569IR@JDEPeets.com
About JDE Peet’s
JDE Peet’s is the world's leading pure-play coffee
and tea company, serving approximately 4,100 cups of coffee or tea
per second. JDE Peet's unleashes the possibilities of coffee and
tea in more than 100 markets, with a portfolio of over 50 brands
including L’OR, Peet’s, Jacobs, Senseo, Tassimo, Douwe Egberts,
OldTown, Super, Pickwick and Moccona. In 2023, JDE Peet’s generated
total sales of EUR 8.2 billion and employed a global workforce of
more than 21,000 employees. Read more about our journey towards a
coffee and tea for every cup at www.jdepeets.com.
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Grafico Azioni JDE Peets NV (EU:JDEP)
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Grafico Azioni JDE Peets NV (EU:JDEP)
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