Julius Meinl press photo.
Austria-born coffee giant Julius Meinl is expanding its United States operations with the acquisition of three separate Florida-based wholesale coffee supply businesses.
The Vienna-based company, whose U.S. headquarters is in Pompano Beach, Florida, says it has acquired Paramount Food & Beverage (LinkedIn profile), also based in Pompano Beach, which had previously been an exclusive supplier of Julius Meinl coffees in the U.S.
Julius Meinl has also acquired South Florida’s foodservice-focused wholesale beverage and equipment supplier Restaurant Beverage Service (RBS), as well as suburban Orland-based wholesale coffee solutions provider Sovereign Coffee & Tea, which merged with Paramount in 2016.
Julius Meinl says the acquisitions have expanded the company’s hospitality client base by more than 500, while it plans to double its net sales in the U.S. by 2025 as part of an aggressive domestic growth plan.
Related Reading
- The Biggest Coffee Business News Stories of 2021
- Jacksonville’s Southern Grounds Plans 12-State Franchise Push
- New York’s For Five Inks 10-Year Deal with Corporate Food Provider Sodexo
Julius Meinl says it achieved net sales of approximately $7.2 million in the U.S. in the most recent fiscal year.
“Already one of the biggest premium coffee and tea suppliers in the Florida hospitality sector, the additions will support the company’s ambitions to expand its distribution base and introduce the unique traditions of Vienna coffee house culture to American hospitality customers and consumers,” the company said in a recent announcement of the acquisitions.
While the brand’s U.S. business is focused on wholesale foodservice and hospitality, two Julius Meinl retail cafes are located on Chicago’s north side. Julius Meinl sold its first coffee in Vienna in 1862.
Does your coffee business have news to share? Let DCN’s editors know here.
Comment