Jan 06 2021, 8:34 PM
January 06 2021, 4:00 AM
January 06 2021, 8:34 PM
(Bloomberg) Swiss coffee trader Sucafina SA is pressing ahead with expansion plans, striking a deal to buy a majority stake in a U.K. merchant known for supplying Costa Coffee.
(Bloomberg) Swiss coffee trader Sucafina SA is pressing ahead with expansion plans, striking a deal to buy a majority stake in a U.K. merchant known for supplying Costa Coffee.
Sucafina bought a 75% stake in Complete Coffee Ltd., a seller to the British coffee chain thatâs now owned by Coca-Cola Co., said Nicolas Tamari, Sucafinaâs chief executive officer. The merchant is also the preferred partner of the Colombian Coffee Federation for instant coffee sales in the U.K.
The Corinthian House building in Croydon, south of London, England, home to the offices of Complete Coffee Limited. Corinthian House promotional photo.
Vertically integrated Swiss green coffee trading company Sucafina has acquired a majority stake in UK trader Complete Coffee Limited (CCL), furthering its global expansion efforts.
The move, in which CCL’s Breminer family will retain some stake in the Croydon-based company, is expected to expand the trading capacity in the conventional and specialty green coffee as well as soluble (instant) coffee segments in the UK market and beyond.
The exact terms of the deal were not made public, although CCL’s leadership will remain intact, according to an announcement from Sucafina today.