Dutch coffee giant has Jacobs Douwe Egberts (JDE) has received Overseas Investment Office approval for the acquisition of BrewGroup NZ (formerly Bell Tea & Coffee Co).
The price is undisclosed and the approval comes with conditions that the company explore opportunities to increase exports and put some of its Kiwi brands on the global stage.
JDE Australia and New Zealand managing director David Ansell says the acquisition will be completed by December 1. The two companies will continue to operate as separate operating units for the next two months with integration to begin in February 2017. Continue to read article on NBR