Peet’s to acquire majority stake in Intelligentsia Coffee

Peet’s to acquire majority stake in Intelligentsia Coffee

Agreement will bring another premium brand into portfolio

Peet’s Coffee & Tea has signed an agreement to acquire a majority stake in the Intelligentsia Coffee roaster and retailer, the company said Friday, just weeks after announcing a deal to acquire Stumptown Coffee Roasters.

Terms of the transaction were not disclosed. The deal will bring yet another coffee brand into the growing portfolio of JAB Holding Co., previously known as Joh.

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