CANADA
Italian roasting giant Lavazza recently acquired 80% interest in Kicking Horse Coffee, a popular roastery in British Columbia.
The deal, announced in late May, placed Kicking Horse’s value at $215 million. Elana Rosenfeld, who co-founded the company in 1996, retains 20% interest and will continue to independently operate the company.
Kicking Horse Coffee has reported double-digit growth for many years as it expanded in the United States. Sales have tripled since 2012, Rosenfeld is reported as saying.
“We have 20 years of experience, they have 120 years of experience,” Rosenfeld said. “Certainly, my roasting and sourcing team and even the maintenance team are pretty excited about that Italian expertise.”