Utrecht / NL. (slc) Sara Lee Corporation announced the acquisition of Expresso.Coffee, a business specialized in selling espresso coffee in the out-of-home small business, vending and bakeries (padarias) segments in Brazil, for an undisclosed amount. «This acquisition substantially expands the branding and consumer connection platform for our Pilão brand», said Michiel Herkemij, chief executive officer, Sara Lee International Beverages. «Adding Expresso.Coffee to our portfolio reinforces our leadership position in the profitable and fast-growing São Paulo and Rio de Janeiro markets». Expresso.Coffee is growing rapidly fuelled in part by a license to sell coffee under the Pilão brand. The company operates more than 1’000 selling points in the 19-million consumer São Paulo and Rio de Janeiro regions, where Sara Lee is already the retail market leader thanks to brands such as Pilão, Café do Ponto and Damasco.
Sara Lee is in the midst of dividing the company into two publicly traded, pure-play entities by the end of the first half of calendar year 2012. The company focused on the international coffee and tea market will be named «D.E. Master Blenders 1753» and be based in the Netherlands.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- AB Foods: FY 2023-2024 Annual Results Statement
- Barry Callebaut: FY 2023-2024 Annual Results Statement
- B+G Foods: Reports Q3-2024 Financial Results
- SunOpta: Announces Q3-2024 Financial Results
- Circus: Secures 1.1 Billion in Recurring Revenue Potential
- Ingredion: Reports Strong Third Quarter 2024 Results
- Yum Brands: Reports Third Quarter 2024 Results
- Raisio PLC: Interim Report Q3 and 9M-2024
- RBI: Reports Third Quarter 2024 Financial Results
- The Middleby Corporation: Reports Q3-2024 Results
- Amazon.com: Announces Third Quarter 2024 Results
- Uber Technologies: Announces Results for Q3-2024
- Kerry Group: Q3-2024 Interim Management Statement
- Middleby: Acquires Leader in Chip and Tortilla Production Systems
- Kellanova Company: Reports Strong Q3-2024 Results
- Starbucks: Reports Q4 and Full Year Fiscal 2024 Results
- Luckin Coffee: Announces Q3-2024 Financial Results
- Bunge Global SA: Reports Third Quarter 2024 Results
- Cheesecake Factory: Reports Q3-2024 Financial Results
- Sysco: Reports Q1-2025 Financial Results