Australian coffee chain Campos will be acquired by international pureplay JDE Peet for an undisclosed sum, with the transaction expected to be completed in July 2021.
Campos serves customers through direct-to-consumer, retail and its own flagship cafes, as well as being available in over 600 cafes nationwide – channels which complement JDE Peet’s Australian retail operations.
“We’re incredibly proud of what we have achieved from our humble beginnings on the streets of Newtown in Sydney,” said Campos founder Will Young.
“We are confident that Campos can and will continue to grow under [JDE Peet’s] stewardship by continuing to focus on what made us Australia’s number one specialty coffee brand – high quality coffee and great service.”
JDE Peet’s general manager in Australia and New Zealand Albert Moncau said the Campos business is the “perfect fit” for the pureplay giant.
“We look forward to welcoming the Campos team to our world of coffee and tea, learning from each other’s expertise and building on their award winning coffee experience,” Moncau said.
JDE Peet also owns and operates the L’OR, Moccona, Harris, Piazza Doro, Espresso di Manfredi, Two Seasons and Pickwick coffee and tea brands in Australia