JDE to acquire JOBmeal in Sweden and Finland
JACOBS DOUWE EGBERTS, the global tea and coffee company and Valedo Partners Fund II have announced that they have signed an agreement for JDE to acquire JOBmeal in Sweden and Finland.
Subject to a limited number of pre-closing conditions, the transaction is expected to close during Q4 2018.
“The addition of JOBmeal to our Nordic family will enable us to expand our reach in Sweden and Finland. Together we will be better able to serve the evolving needs of customers at all levels, through a truly Nordic footprint,” said George Schoof, General Manager JDE Professional Nordics.
JDE and JOBmeal are highly complementary businesses with similar cultures. The transaction will see a JOBmeal’s extensive customer base in small and medium business gain access to a wider variety of world class coffee and tea solutions including Gevalia, Piazza D’Oro, L’Or and Pickwick. The combined business also opens up new growth opportunities for JDE in Finland.
“At JOBmeal, our goal and our passion are to significantly enhance the office coffee experience. Becoming part of JDE gives us great opportunities to accelerate our development towards that goal. We look forward to being able to share the vast expertise within JDE and deliver even better coffee and tea experiences to our customers in the Nordic region.” said Fredrik Mossberg CEO, JOBmeal.
JOBmeal is a dedicated out of home coffee business, headquartered in Stockholm, offering a range of office coffee solutions to customers in Sweden and Finland. The company was established in 2000 and today employs over 370 associates in the Nordics.