POST Online Media Lite Edition



 

Strauss Coffee expands in Russia

Staff writer |
Strauss Coffee B.V., a subsidiary of Strauss Group, has acquired the remaining shares of Le Café and Instanta. Strauss now owns 100% of these companies and expands in the Russian market.

Article continues below






Le Café and Instanta own a roasted and ground coffee manufacturing and packaging site and a logistic center, which serve the operations of Strauss Russia. Strauss Coffee is to pay $13.4 million for the shares, and the transaction will be financed by Strauss Coffee's own resources, and is subject to approval by the Russian antitrust authority.

Strauss Coffee B.V. has acquired the 49% shares of Le Café and Instanta, companies in which Strauss entered two years ago because Russia is one of Strauss Coffee's fastest growing markets.

"Completion of the acquisition of the shares of Le Café and Instanta in Russia is another step in our continuing growth in the region, which is considered the second largest instant coffee market in the world. The roasted and ground coffee plant, which we completed last December, along with the instant coffee packaging facility, are becoming Strauss Russia's major infrastructure for roduction, packaging and logistics in addition to the freeze-dried coffee plant that serves us from Germany," said Gadi Lesin, president and chief executive officer of the Strauss Group.

Strauss Coffee is one of the five companies operating in the Strauss Group. The company is active in CEE, Brazil and Israel and it is the world's fifth largest coffee company in terms of green coffee purchases.


What to read next

Starbucks donates coffee tree for every brewed Mexico Chiapas
Strauss Group to buy additional 15% of Haier Strauss Water JV
Marley Coffee spreads its distribution chain