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.”
Press Release – Asahi
Kiwi premium fresh coffee business Allpress is set to continue its global expansion after being purchased by Oceania’s leading beverages company Asahi Beverages.
The move will accelerate the growth of the homegrown success story, which will remain headquartered in Auckland. The purchase also marks Asahi Beverages’ entry into New Zealand’s $200 million fresh coffee market as it expands its portfolio to meet the needs of more consumers as well as strengthening its offering to cafes, restaurants, licensed venues, and grocery stores.
Allpress was founded in Auckland in 1989 by coffee pioneer Michael Allpress with just one coffee cart in Victoria Park. It has since expanded into Australia, Japan, Singapore, and the UK and now employs more than 240 people, including nearly 100 across New Zealand.
Friday, 30 April 2021, 9:06 am
Kiwi premium fresh coffee business
Allpress is set to continue its global expansion after being
purchased by Oceania’s leading beverages company Asahi
Beverages.
The move will accelerate the growth of the
homegrown success story, which will remain headquartered in
Auckland. The purchase also marks Asahi Beverages’ entry
into New Zealand’s $200 million fresh coffee market as it
expands its portfolio to meet the needs of more consumers as
well as strengthening its offering to cafes, restaurants,
licensed venues, and grocery stores.
Allpress was
founded in Auckland in 1989 by coffee pioneer Michael
Allpress with just one coffee cart in Victoria Park. It has
Beer giant Asahi into coffee with Allpress buy
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Japanese beverages giant Asahi, which paid $16 billion for the Carlton & United Beverages beer business last year, has made its first foray into coffee with the acquisition of Australasian brand Allpress.
Group chief executive of Asahi Beverages Robert Iervasi said the expansion into coffee would fill a gap in the group’s portfolio of non-alcoholic drinks, which includes the Schweppes soft drinks brands.
Robert Iervasi, group CEO of Asahi Beverages, says, “Our intention is to run the Allpress operations as a stand-alone operation.”
But Allpress, which has been sold for an undisclosed price by three New Zealand shareholders who had run a sale process for the business as they headed towards the end of their careers, won’t be meshed in with the other products.