M&A Deal Summary

Diedrich Coffee Acquires Coffee People

On February 10, 1999, Diedrich Coffee acquired beverage company Coffee People for 34M USD

Acquisition Highlights
  • This is Diedrich Coffee’s 1st transaction in the Beverages sector.
  • This is Diedrich Coffee’s largest (disclosed) transaction.
  • This is Diedrich Coffee’s 1st transaction in the United States.
  • This is Diedrich Coffee’s 1st transaction in California.

M&A Deal Summary
Date 1999-02-10
Target Coffee People
Sector Beverages
Buyer(s) Diedrich Coffee
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

Coffee People

Castroville, California, United States
Coffee People consists of the Coffee People and Coffee Plantation coffee house chains in Oregon and Arizona, and the Gloria Jean's coffee retailing chain in shopping centers throughout the U.S. and several other countries.

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Buyer(S) 1

Buyer

Diedrich Coffee

Irvine, California, United States
Category Company
Founded 1972
Sector Beverages
Employees149
DESCRIPTION

Diedrich Coffee specializes in sourcing, roasting and selling the world's highest quality coffees. The company markets its three brands of specialty coffees, Diedrich Coffee, Coffee People and Gloria Jean's Coffees, through office coffee service distributors, restaurants and specialty retailers, and via the company's web stores.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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