Despite the enormity of the deal — unquote.com reports that the trade between JAB and Hercules Capital was worth approximately 2.2 billion Danish krone ($328 million USD) — Espresso House represents only a small wing in JAB’s growing coffee portfolio.
The company, run by billionaire Reimann family, has in the past three years purchased controlling stakes in coffee companies including Peet’s Coffee & Tea, Caribou Coffee, and D.E. Master Blenders. The latter company remains in the process of merging with Mondelez International, which would make JAB a majority owner in the world’s largest roasting company.
“Espresso House fits perfectly into our portfolio of leading premium coffee roasters and coffee retailers around the globe,” JAB Co-Chief Peter Harf said in a statement obtained by Bloomberg News. “The company possesses favorable long-term fundamentals, giving it strong potential.”