Sale of United Coffee to UCC
On 23rd April, our client CapVest Ltd, announced the sale of United Coffee (formerly Drie Mollen) to UCC Holdings Limited. United Coffee is the largest independent coffee business in Europe with leading market positions in the UK, Netherlands, Switzerland and Spain and a growing presence in France and Scandinavia. The transaction is expected to be completed in the early summer.
Since CapVest’s acquisition of Drie Mollen in 2008, there has been a sustained purchasing programme of businesses across Spain, Switzerland, the UK and France resulting in a company with established industry-leading procurement, risk management and production practices. With a turnover in excess of €450 million, today the business employs over 1,000 people, roasts nearly 70,000 tons of coffee per year and services 20,000 clients across three channels: retail private label, foodservice chains and the independent HoReCa sector. The business has also established an important position in the fast growing coffee capsule segment which will position it for the future.
UCC, a €2.5 billion turnover family-owned Japanese food conglomerate, established in 1969 and the inventor of canned coffee, is today the largest roaster and leading supplier of retail, commercial and industrial-use coffee in Japan. The combination creates one of the top 5 independent coffee groups in the World.