Jacobs Douwe Egberts (JDE) has signed an agreement with Valedo Partners Fund II to acquire Sweden-based coffee business JOBmeal in Sweden & Finland for an undisclosed sum.
According to company’s statement, JDE and JOBmeal are complementary businesses with similar culture, with the transaction, JOBmeal clients will have access to a wilder variety of coffee and tea such as Gevalia, Piazza D’Oro, L’Or and Pickwick.
General Manager JDE Professional Nordics, George Schoof commented on the acquisition: “The addition of JOBmeal to our Nordic family will enable us to expand our reach in Sweden and Finland. Together we will be better able to serve the evolving needs of customers at all levels, through a truly Nordic footprint.”
“Becoming part of JDE gives us great opportunities to accelerate our development towards that goal. We look forward to being able to share the vast expertise within JDE and deliver even better coffee and tea experiences to our customers in the Nordic region,” said Fredrik Mossberg CEO, JOBmeal.