PRESS RELEASE
Amsterdam, 26 March 2024
JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee and tea
company by revenue, today announced the completion of the previously announced
transaction under which the company has been granted a long-term global license
to manufacture, market and sell Caribou consumer and foodservice coffee
products, excluding Caribou coffeehouses. The transaction provides JDE Peet's a
strong platform to expand its premium coffee portfolio in the United States, the
largest coffee market in the world, in which the company already sells and
distributes Peet's coffee, Stumptown, Intelligentsia and L'OR coffee.
Under the terms of the agreement, JDE Peet's has acquired Caribou's coffee
roasting operations in Minneapolis, Minnesota. The two companies have also
entered into a long-term strategic arrangement under which JDE Peet's will
supply coffee to, and coffee products for sale in, Caribou's coffeehouses. With
over 800 coffeehouses in 11 countries, Caribou has made significant progress in
its retail expansion plan which is expected to substantially increase the number
of coffeehouses in the United States and abroad in the coming years.
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Enquiries
Media
Will Hummel
+31 6 3917 7280
Media@JDEPeets.com (mailto:Media@JDEPeets.com)
Investors & Analysts
Robin Jansen
+31 6 1594 4569
IR@JDEPeets.com (mailto:IR@JDEPeets.com)
About JDE Peet's
JDE Peet's is the world's leading pure-play coffee and tea company, serving
approximately 4,100 cups of coffee or tea per second. JDE Peet's unleashes the
possibilities of coffee and tea in more than 100 markets, with a portfolio of
over 50 brands including L'OR, Peet's, Jacobs, Senseo, Tassimo, Douwe Egberts,
OldTown, Super, Pickwick and Moccona. In 2023, JDE Peet's generated total sales
of EUR 8.2 billion and employed a global workforce of more than 21,000
employees. Read more about our journey towards a coffee and tea for every cup at
www.jdepeets.com.
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