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UCC Holdings acquires United Coffee

UCC Holdings Co Ltd. (UCC), Japan’s leading coffee company, has today announced that it has signed a definitive agreement to acquire United Coffee, Europe’s leading independent coffee group, from the private equity fund, CapVest Equity Partners.

 
PRLog - Apr. 23, 2012 - (London, 23 April 2012) UCC Holdings Co Ltd. (UCC), Japan’s leading coffee company, has today announced that it has signed a definitive agreement to acquire United Coffee, Europe’s leading independent coffee group, from the private equity fund, CapVest Equity Partners.

The transaction is expected to complete during the second quarter of 2012 and will bring together two leading coffee groups from Europe and Asia to become one of the top five biggest independent coffee companies in the world. United Coffee will continue to trade as United Coffee across all of its key markets.

UCC is Japan’s largest producer of coffee with a turnover of 2.5 billion Euros and employs 3,700 people. It supplies some of Japan’s leading companies in retail, out-of-home and industrial markets and owns successful retail and out-of-home brands.  Founded in 1933 by Tadeo Ueshima UCC remains a family-owned company - with his grandson Mr. Gota Ueshima, Group CEO at the helm. UCC has a strong track record in innovation and has pioneered coffee culture in Japan for 80 years, including the invention of canned coffee in 1969.  It continues to push the boundaries to reflect the latest consumer trends.

UCC was the first Japanese coffee company to implement the integrated business model and operates a number of coffee businesses with plantations in Jamaica and Hawaii, plus seven plants in Japan. All are certified for their high standards of quality control and operate within strict global safety standards.

Gota Ueshima, CEO of UCC said today: “With the sale of our gift company, Shaddy, last month we have refocused on our long-term strategy of developing a global coffee business. I am very excited that we have been able to acquire one of the greatest coffee companies in Europe and, together with United Coffee, we can create a truly international market- leading coffee group.”

Per Harkjaer, CEO of United Coffee said: “On behalf of all employees in our group, I am very proud and honoured to join the UCC family. We represent true coffee know-how and share similar values - believing in the importance of close relationships and the need to understand and focus on the local customer. I am sure that our new owner will help us to focus on new product development and will enhance our position as the preferred partner for a large number of European customers.”

The new group has a number of exciting initiatives planned. Earlier this year United Coffee launched its coffee capsule system to the out-of-home market, http://www.campaninicapsules.com. Following the acquisition, this is now expected to grow in multiple markets worldwide.

For more information or comment please call Dave Greenwood at William Murray Communications on + 44 (0) 208 256 1360/+44 (0) 7852 166486 or email dave@williammurray.co.uk

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Notes to editor
UCC Holdings Co Ltd.  The company’s headquarters are in Kobe and Tokyo with a total group annual turnover of Euro 2.5 billion, with various group companies and 3,700 employees. UCC annually sells 92,000 tons of green beans equivalent coffee products. The company operates businesses in Taiwan, Hong Kong, Korea, Singapore, Thailand and China and owns and operates the plantations of Blue Mountain coffee in Jamaica since 1981 and Kona coffee in Hawaii since 1989.  

United Coffee. The company’s headquarters are in Geneva with an annual turnover of Euro 422 million. The company produces 72,000 tons of green beans equivalent coffee products at 7 major factories in the Netherlands, Spain, Switzerland, UK and France and employs 1,000 people. United Coffee is the leading independent coffee group in Europe.

The company was originally founded in ‘s-Hertogenbosch in the Netherlands in 1818 and has been in family ownership for more than 150 years. The group serves major retail customers in Spain, The Netherlands, Switzerland, Scandinavia, France, Germany, UK and a number of export markets. It markets household brands to the HORECA market with ‘Rosca’ in Switzerland, ‘Templo’  in Spain and ‘Smit & Dorlas’ in Holland.

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Source:United Coffee
Country:United Kingdom
Industry:Food, Consumer, Finance
Tags:coffee, acquisition, ucc, United Coffee
Shortcut:prlog.org/11856093
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