Coffee Service

JDE Peet’s to acquire Caribou roasting, will sell Caribou brand products

Image: JDE Peet's

January 19, 2024

JDE Peet's, which is owned by JAB Holdings and owns Peet's Coffee, Douwe Egberts, Jacobs and other brands, has signed a global license agreement to manufacture, market and sell Caribou consumer and foodservice coffee products, excluding Caribou coffeehouses, according to a press release.

The transaction, which is expected to close in the first quarter of 2024, provides JDE Peet's a platform to expand its coffee portfolio in North America.

JDE Peet's will acquire Caribou's roasting operations in Minneapolis, Minnesota.