date:May 08, 2014
Mondelēz International, Inc. and D.E Master Blenders 1753 B.V. have announced plans to combine their coffee businesses into a new company to be named Jacobs Douwe Egberts (J.D.E.) that will be based in The Netherlands.
According to the companies, J.D.E. will have annual sales of more than $7 billion with an EBITDA margin in the high teens. Together, the combined business of Mondelēz and D.E Master businesses hold a leading market position in more than two dozen countries and has a strong posi