The merger of D.E. Master Blenders 1753 and Mondelez International has received conditional approval from the European Commission to combine their operations into a $7 billion coffee venture, second only to Nestle. The joint venture brings together brands Gevalia and L’Or, Kenco, Pilao, and Senseo. Carte Noire will be divested as will Merrild in Denmark. On closing Mondelez will receive $4.47 billion and a 49% share of the company. Acom Holdings B.V., which owns DEMB, will hold a majority share.
EU Approves Jacobs Douwe Egberts Deal
More News and Features
News Tips (ICYMI)
Spiking coffee prices are causing global tension in the market | Newsweek
Green tea market expected to increase to $7.72 billion from 2024-2028 | Technavio
Decaf Typica wins 2024 US Brewers Cup: Specialty coffee is changing its opinion | Perfect Daily Grind
Pukka Herbs loses B Corp accreditation after Lipton Teas & Infusions integration | The Grocer
Adapting to the EU Deforestation Law: Vietnam's tactical way to win the European market | Kompas
The STiR Coffee and Tea Newsletter is sent two times each month with news updates, important information, and upcoming events.