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 one of my shares” to Peet’s, he said in an email. Peet’s is controlled by JAB Holdi...
Source: thrasherbacker.com
