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Established in 1989 by Michael Allpress in Auckland, New Zealand, Allpress Espresso has become a renowned specialty coffee roaster for independent cafés
Japanese beverage giant buys Kiwi coffee business Allpress
7 May, 2021 05:33 AM
4 minutes to read
Allpress supplies more than 1500 tonnes of coffee beans to cafes and restaurants each year. Photo / Allpress
Allpress supplies more than 1500 tonnes of coffee beans to cafes and restaurants each year. Photo / Allpress
Kiwi coffee business Allpress Espresso is said to have sold for upwards of $50 million. The mainly wholesale business, which also operates cafes and roasteries in five markets, has been sold to Japanese beverage giant Asahi Breweries.
The local arm of the company would not disclose how much the business had changed hands for, and founder Michael Allpress said he was bound by NDA to keep the amount secret. The transaction is expected to be completed in May.
Asahi acquires Allpress, maintains all full-time roles
April 30, 2021 10:41
Japanese beverage company Asahi has completed the acquisition of Allpress in its first venture into the coffee market.
CEO of Asahi Beverages Group, Robert Iervasi, said: “Asahi Beverages and Allpress are a great fit. We’ve been impressed by their premium branding, commitment to flavour, quality customer service and track record of growth – attributes that Asahi Beverages shares.”
The coffee outlet was founded by Michael Allpress in 1986, and now distributes more than 1,500 tonnes of coffee beans annually worldwide. Allpress said: “It’s been an amazing journey but after 30 years the time is right for the business to go to the next level. The expertise, craftsmanship and relationship-based culture it has developed mean it’s very well-placed to take this next step. I can’t wait to see what’s next for the business and the team.”