M&A Deal Summary

Nestlé Acquires Seattle s Best Coffee

On October 19, 2022, Nestlé acquired consumer products company Seattle s Best Coffee from Starbucks

Acquisition Highlights
  • This is Nestlé’s 4th transaction in the Consumer Products sector.
  • This is Nestlé’s 14th transaction in the United States.
  • This is Nestlé’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-10-19
Target Seattle s Best Coffee
Sector Consumer Products
Buyer(s) Nestlé
Sellers(s) Starbucks
Deal Type Divestiture

Target

Seattle s Best Coffee

Seattle, Washington, United States
Seattle's Best Coffee is a provider of specialty coffee franchises in 12 countries. The company provides whole bean, roast and ground packaged coffee, and K-Cup pods are available in a variety of roasts and flavor profiles across both foodservice and grocery channels. Seattle's Best Coffee is based in Seattle, Washington.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland
Category Company
Founded 1866
Sector Food
Employees270,000
Revenue 93.4B CHF (2023)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.

DEAL STATS #
Overall 20 of 21
Sector (Consumer Products) 4 of 5
Type (Divestiture) 4 of 4
State (Washington) 1 of 1
Country (United States) 14 of 14
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Ankerkraut

Jesteburg, Germany

Ankerkraut develops, produces, and sells premium spice blends, mono-spices, tea, Advent calendars, gift sets and plans to launch into sauces in the near future. Ankerkraut was formed in 2013 and is based in Jesteburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Nestlé s Palforzia

Vevey, Switzerland

Nestlé's Palforzia is an oral immunotherapy treatment approved for the mitigation of allergic reactions, including anaphylaxis, which may occur with accidental exposure to peanuts for patients aged 4 to 17 years with a confirmed diagnosis of peanut allergy by the U.S. Food and Drug Administration (FDA), the European Commission (EC), the Medicines and Healthcare products Regulatory Agency (MHRA) in the U.K., and by Swissmedic.

Sell -

Seller(S) 1

SELLER

Starbucks

Seattle, Washington, United States
Category Company
Founded 1971
Sector Beverages
Employees381,000
Revenue 36.0B USD (2023)
DESCRIPTION
Starbucks' corporate headquarters in Seattle, Washington.
Starbucks' corporate headquarters in Seattle, Washington.

Starbucks is a roaster, marketer, and retailer of specialty coffee. Starbucks purchases and roasts high-quality coffees that the Company sells, along with handcrafted coffee, tea, and other beverages and a variety of fresh food items, including snack offerings, through company-operated stores. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels such as licensed stores, grocery, and food service accounts. Starbucks was founded in 1971 and is based in Seattle, Washington.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 1 of 1
Type (Divestiture) 3 of 3
State (Washington) 1 of 1
Country (United States) 3 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Evolution Fresh

San Bernardino, California, United States

Evolution Fresh is a producer of premium, all-natural juices. Evolution uses a pasteurization process known as high-pressure processing (HPP) to ensure flavor, freshness, and nutrition. Evolution Fresh was founded in 1995 and is based in San Bernardino, California.

Sell -
Mergr

Product

Company

Legal