Peet's Coffee to buy wholesaler Diedrich

EMERYVILLE Calif. Peet’s Coffee & Tea Inc. has agreed to acquire Diedrich Coffee Co. for about $213 million in cash and stock, a move that officials said would help the chain capture a larger share of the wholesale coffee market.

The transaction includes Irvine, Calif.-based Diedrich’s portfolio of brands, including Diedrich Coffee, Coffee People and Gloria Jean’s, sold primarily online and to restaurants and specialty retailers.

Pat O’Dea, Peet’s pre

Register to view the full article

Register to view this article

TAGS: Finance News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish