Jacobs Douwe Egberts deal likely to lead to further consolidation
- Coffee and Cocoa International - The deal between two of the world's top coffee companies, Mondelez and D.E. Master Blenders 1753 to combine their coffee
- Coffee and Cocoa International -
The deal between two of the world's top coffee companies, Mondelez and D.E. Master Blenders 1753 to combine their coffee business - creating what they describe as "the world's largest pure-play coffee company" - is unlikely to be the last. Acorn Holdings will hold a majority share in the proposed combined company. Acorn Holdings is owned by investor group JAB Holding Company, the investment vehicle run by the Reimann family. According to Peter Harf, a Reimann advisor, the Jacobs Douwe Egberts deal will not be the last move in the coffee sector. "We want to grow organically and non-organically", he says, noting that he sees potential for acquisitions in North America and elsewhere, a sentiment other analysts agree with.
