M&A Deal Summary

Foodstuffs Acquires Bell Tea

On January 1, 1962, Foodstuffs acquired beverage company Bell Tea

Acquisition Highlights
  • This is Foodstuffs’ 1st transaction in the Beverages sector.
  • This is Foodstuffs’ 1st transaction in New Zealand.
Investment Fate
  • Bell Tea was divested to a consortium of buyers in 2013.
  • Bell Tea was sold to a strategic buyer in 2016.

M&A Deal Summary

Date 1962-01-01
Target Bell Tea
Sector Beverages
Buyer(s) Foodstuffs
Deal Type Add-on Acquisition

Target

Bell Tea

Auckland, New Zealand
BrewGroup is a national coffee and tea business. The company has over a century of expertise in coffee and tea buying and blending. BrewGroup was established in 1898 and is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Foodstuffs

Auckland, New Zealand

Category Company
Founded 1922
Sector Retail
Employees1,700
DESCRIPTION

Foodstuffs (NZ) Ltd. is a grocery and liquor retailer. Foodstuffs provide a number of services including the co-ordination of policy and national activities, and represents the collective interests of the Foodstuffs companies in national marketing initiatives, public relations, industry affairs, Government affairs and in areas affecting the wider community. Foodstuffs was established in 1922 and is based in Auckland, New Zealand.


DEAL STATS #
Overall 1 of 1
Sector: Beverages M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 1962 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-13 Bell Tea

Auckland, New Zealand

BrewGroup is a national coffee and tea business. The company has over a century of expertise in coffee and tea buying and blending. BrewGroup was established in 1898 and is based in Auckland, New Zealand.

Sell -