Dutch hot beverage company Jacobs Douwe Egberts (JDE) has announced that it has signed an agreement to acquire JOBmeal in Sweden and Finland.
The acquisition is subject to a limited number of pre-closing conditions, and the transaction is expected to close in Q4 2018.
General manager JDE professional Nordics, George Schoof, said, “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.”
Complementary Businesses
Both businesses are highly complementary, the company said, and the acquisition will give JOBmeal’s extensive customer base access to a wider variety of world-class coffee and tea solutions including Gevalia, Piazza D’Oro, L’Or, and Pickwick.
JOBmeal is looking forward to sharing its “vast expertise within JDE”, and offer Nordic customers “even better coffee and tea experiences.”
CEO of JOBmeal, Fredrik Mossberg, said, “At JOBmeal, our goal and our passion is to significantly enhance the office coffee experience. Becoming part of JDE gives us great opportunities to accelerate our development towards that goal.
Background
JOBmeal was established in 2000 and is a dedicated out of home coffee business, with its headquarters in Stockholm.
It provides office coffee solutions to customers in Sweden and Finland, and employs more than 370 associates in the Nordics.
JDE is one of the world's leading hot beverage companies, and is present in more than 140 countries worldwide.
Some of its iconic brands include Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Super, Kenco, Pilao & Gevalia.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
