• search

Tata Coffee acquires Eight O'clock Coffee

Written by: Staff
|

Bangalore, June 29: Tata Coffee Limited has signed a definitive agreement to acquire Eight O'clock Coffee company (EOC) from Gryphon Investors in the US for a total acquisition price of 220 million Dollars.

Tata Coffee Vice-President (Finance) M D Kumar told reporters here today that EOC provided a sizeable entry platform and an established brand to Tata Coffee in the 21 billion dollars US coffee market.

''This acquisition is in line with Tata Coffee's objective to move up the value chain and become a leading and fully integrated player in the global coffee industry,'' he said.

Mr Kumar said that following this acquisition, the group would have a significant scale in markets in Asia, Europe and North America.

EOC had more than 100 years of brand history and retail coffee experience in the US, he added.

UNI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more