International coffee giant JDE Peet’s has announced its acquisition of Australian specialty roaster Campos Coffee, which subject to limited pre-closing conditions, is expected to be completed during July 2021.
“The Campos team have built an incredible brand and network across Australia, delivering award winning and consistently outstanding coffee to their customers,” JDE Peet’s Australia & New Zealand General Manager Albert Moncau says.
“The business is a perfect fit for us and we look forward to welcoming the Campos team to our world of coffee and tea, learning from each other’s expertise and building on their award winning coffee experience.”
Campos Coffee is a specialty coffee leader in Australia, available in more than 600 cafés and present in multiple channels including direct-to-consumer, retail, and its own flagship cafés. Over the years, the Campos team have built a strong and growing business which complements JDE Peet’s Australian coffee business in both the out-of-home and retail segments.
“We are incredibly proud of what we have achieved from our humble beginnings on the streets of Newtown in Sydney. The transaction will enable the Campos brand to further unlock its true potential. JDE Peet’s has become Australia’s leading pure-play coffee business by respecting the heritage and uniqueness of local coffee brands,” says Will Young, Founder of Campos Coffee.
“We are confident that Campos can and will continue to grow under their stewardship by continuing to focus on what made us Australia’s number one specialty coffee brand – high quality coffee and great service to our café partners.”
Campos Coffee started from humble beginnings back in 2002 with a single café and roaster in Newtown, Sydney. In 2020, Campos generated revenues of approximately $50 million and expanded its availability to coffee lovers at home, offering premium whole bean blends online and in selected Woolworths supermarkets.
For more information, visit camposcoffee.com