JM Smucker partners JDE Peets to bolster away from home liquid coffee business

US –  American-based food manufacturing company, J.M. Smucker Co. has partnered with the world’s largest pure-play coffee and tea, JDE Peet’s to bolster its away-from-home liquid coffee business. As part of the partnership, Peet’s will support Smucker’s coffee business with product development, production and foodservice equipment innovation. “We are excited to partner with The J.M. Smucker Co. to offer liquid coffee products to their North American customers,” said Satya Menard, global president, out-of-home for JDE Peet’s. “Our proprietary liquid coffee system efficiently delivers large quantities of premium coffee in a…

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JAB plans US$2.2bn IPO for its coffee business JDE Peet’s despite COVID-19 uncertainties

NETHERLANDS – The German privately-held conglomerate, JAB Holdings is pushing ahead with the Euronext Amsterdam listing of its JDE Peet’s coffee business, expecting to generate as much as €2 billion (US$2.2bn) in what ranks as Europe’s biggest IPO this year despite the uncertainty that COVID-19 has cast over the markets. JAB, which oversees the wealth of Germany’s billionaire Reimann family, said earlier this week that the public offering is expected to take place in the coming weeks, subject to market conditions and other relevant considerations. The offer is expected to…

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