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

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