Peet's Coffee And Tea To Acquire Stumptown Coffee
On Tuesday Peet’s Coffee & Tea said it came to an agreement to buy its kind of Stumptown Coffee Roasters with a deal that could give Peet’s a greater foot shaped impression in the premium coffee market. Stumptown’s majority proprietor, private-equity firm TSG Consumer Partners LLC, had been working on a potential offer of the Portland, Ore.- based roaster and retailer. Duane Sorenson, Stumptown’s author, said he has sold his stake in the company. “I sold every o...
Source: thrasherbacker.com