Stumptown Coffee is acquired by Peet's Coffee Tea
Stumptown Coffee Roasters
Founded in 1999
Portland, Oregon, USA
Peet's Coffee and Tea
Founded in 1966
Berkeley, California, USA
American boutique coffee leader Stumptown Coffee Roasters (Tree City Coffee), which was founded in 1999, was acquired by Peet's Coffee and Tea, which was founded in 1966. Peet's was acquired by the German conglomerate Joh. A. Benckiser acquisition.
Matt Lounsbury, vice president of Stumptown Coffee, told us: "Peet's Coffee&Tea will not merge, they will not incorporate our brand into Peet's Coffee&Tea." We will continue to run our own coffee industry independently. "
In 2013, Stumptown Coffee launched Cold Brew cold-extracted coffee and developed a coffee milk that can be eaten with breakfast cereal.
Currently, Stumptown Coffee has 11 coffee shops across the United States, located in Seattle, Portland, Los Angeles and New York, and plans to start working with hotels in New Orleans. In 2016, Stumptown Coffee plans to open more coffee shops in Austin, Los Angeles, New York and Chicago.
Big news: Peet's Coffee & Tea will enter China
According to Roast Magazine, Intelligentsia Coffee is also actively seeking private equity acquisitions.
The pictures and text of this article are reproduced in coffee Thumi magazine.
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