Strauss Coffee, part of Israel’s Strauss Group, has acquired an additional 49 percent of holdings in two Russian coffee companies, Le Café and Instanta. The $13.4 million deal gives Strauss, Israel’s second largest food company, 100 percent of the shares of the two companies, which specialize in roasting and instant coffee production.
“Completion of the acquisition of the shares of Le Café and Instanta in Russia is another step in our continuing growth in the region, which is considered the second largest instant coffee market in the world,” said Gadi Lesin, President & CEO of the Strauss Group. “The roasted and ground coffee plant, which we completed last December, along with the instant coffee packaging facility, are becoming Strauss Russia’s major infrastructure for production, packaging and logistics in addition to the freeze-dried coffee plant that serves us from Germany. All these facilities form an important foundation in the realization of Strauss Coffee’s strategy as it continues to invest and develop capabilities in Russia and the CIS countries.”