M&A Deal Summary

Starbucks Acquires Seattle Coffee Company

On April 16, 2003, Starbucks acquired beverage company Seattle Coffee Company from Popeyes Louisiana Kitchen for 72M USD

Acquisition Highlights
  • This is Starbucks’ 2nd transaction in the Beverages sector.
  • This is Starbucks’ 5th largest (disclosed) transaction.
  • This is Starbucks’ 3rd transaction in the United States.
  • This is Starbucks’ 2nd transaction in Washington.

M&A Deal Summary
Date 2003-04-16
Target Seattle Coffee Company
Sector Beverages
Buyer(s) Starbucks
Sellers(s) Popeyes Louisiana Kitchen
Deal Type Divestiture
Deal Value 72M USD

Target

Seattle Coffee Company

Seattle, Washington, United States
Seattle Coffee Company includes the Seattle's Best Coffee(R) (SBC) and Torrefazione Italia(R) Coffee (TI) brand. Seattle's Best Coffee (SBC) was founded in 1970 and is one of the oldest brands in the domestic specialty coffee business. All coffees are selected from some of the highest quality Arabica beans throughout the world, and are roasted using Northern European roasting techniques. SBC produces a complete line of whole bean and ground coffees including Organic and Fair Trade coffees as well as flavored coffees.The Torrefazione Italia Coffee brand, founded in 1986, mirrors the unique roasting preferences of various Italian regions. These classic Italian coffees are known for their full bodied, highly aromatic and intense flavor. Torrefazione whole bean coffees include Venezia(TM), Milano(TM), Perugia(TM), Palermo(TM), Montecatini(TM), Roma(R), Sardegna(TM) and Napoli(TM).

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Buyer(S) 1

Buyer

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 9
Sector (Beverages) 2 of 5
Type (Divestiture) 1 of 1
State (Washington) 2 of 4
Country (United States) 3 of 9
Year (2003) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-13 Tazo Tea

Portland, Oregon, United States

Tazo Tea Co. is a manufacturer and distributor of ready-to-drink tea. Tazo Tea Co. was founded in 1994 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-26 Ethos Water

Seattle,, Washington, United States

Ethos Water produces bottled spring water for children in the United States.

Buy -

Seller(S) 1

SELLER

Popeyes Louisiana Kitchen

Atlanta, Georgia, United States
Category Company
Founded 1972
Sector Restaurants
Employees2,130
Revenue 259M USD (2015)
DESCRIPTION

Popeyes Louisiana Kitchen, Inc. is a developer, operator and franchiser of quick-service restaurants ("QSRs" or "restaurants") under the trade name, Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits.

DEAL STATS #
Overall 1 of 3
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 3
State (Washington) 1 of 1
Country (United States) 1 of 3
Year (2003) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-22 Church s Chicken

Atlanta, Georgia, United States

Church's Chicken is a chicken quick-service restaurant serving more than three million customers weekly through restaurants in 22 countries and more than 30 states in the U.S. The Company serves affordable freshly prepared, high-quality, flavorful chicken and tenders with signature sides and handmade, from-scratch biscuits. Church's Chicken was founded in 1952 and is based in Atlanta, Georgia.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-04 Cinnabon

Atlanta, Georgia, United States

Cinnabon, Inc. is a provider in the cinnamon roll bakery category. Cinnabon operates and franchises 358 retail cinnamon roll bakeries.

Sell -
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