Dutch coffee and tea company Jacobs Douwe Egberts has announced that it has made a pre-conditional offer to acquire all issued shares of Singaporean instant food-to-coffee maker Super Group for 1.45 billion SGD ($1.03 billion). Super Group manufactures instant coffee and tea, instant tea mixes and instant cereals, with a portfolio of over 160 instant beverage and food products distributed in over 65 countries. Its brands include Super, Essenso, Owl …
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Jacobs Douwe Egberts
Jacobs Douwe Egberts (JDE), the world’s leading ‘pure play’ coffee firm, is to shut its Senseo facility in Grimbergen, Belgium with the possible loss of 274 jobs, according to a report in Levensmiddelenkrant. The factory, located in the Flemish half of the country, predominantly manufactures coffee pods, a category that is reported to have lost market share over recent years as the popularity of capsule formats has increased. “It is with much …
Jacobs Douwe Egberts (JDE), the ‘pure play’ coffee firm formed from the merger of DE Master Blenders and Mondelez International in 2014, has announced its intention to acquire the Brazilian coffee firm Cafe Seleto, according to reports in Giro News and Supermercado Moderno. The owner of the Cafe Pilao brand announced its plans on 15th April and said it expected the transaction to be completed in the first half of …
Italian coffee firm Lavazza has entered into an agreement to acquire the Carte Noire coffee brand from Douwe Egberts, according to media reports. The deal, said to be valued in the region of €800 million (£550 million), follows European commission concerns stemming from the merger of the DE Master Blenders and Mondelez International coffee businesses that created the “pure-play” company known as Jacobs Douwe Egberts. Announcing the move in a statement, …
The European Commission has announced that it has conditionally approved the proposed creation of a joint venture between D.E. Master Blenders 1753 B.V. (DEMB) and Mondelez International Inc. The new joint “pure-play” company to be known as Jacobs Douwe Egberts was announced by the two companies in May of last year. Among the conditions for the approval, the EC said that that Mondelez would need to sell its Carte Noire …
Mondelez International has announced that it has reached an agreement with D.E Master Blenders 1753 B.V. to combine their respective coffee businesses to create a new “pure-play” company to be known as Jacobs Douwe Egberts. The new company, which will have annual revenues of more than $7 billion, will be based in the Netherlands and will bring together the brands Jacobs, Carte Noire, Gevalia, Kenco, Tassimo and Millicano from Mondelez …
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