date:Oct 31, 2012
Joh A Benckiser (JAB), a privately held group focused on long term investments in premium brands in the broader consumer goods category, has acquired US-based Peet's Coffee Tea for $1bn.
Founded in 1966, California-based Peet's Coffee Tea offers coffees and teas in multiple forms.
Peet's will continue to be operated by its current management team and employees.
The company will remain based in the San Francisco Bay Area, with its home office in Emeryville and its leadership in energy and en