date:Apr 15, 2013
n on a coffee-buying binge during the past few months. In late October the company acquired Peets Coffee Tea, Emeryville, Calif., for approximately $1 billion. In December the company agreed to acquire the Caribou Coffee Co., Minneapolis, for $342 million.
J.A.B. and its partners intend to use D.E.M.B. as their platform for both organic growth as well as acquisitions in the fast moving consumer goods coffee and tea categories, said Bart Becht, chairman of J.A.B.
In a statement, both companies