UCC Holdings Buys United Coffee

Japanese coffee company UCC Holdings said on Monday it had agreed to buy Geneva-based United Coffee for about 50 billion yen ($613 million), Reuters reported. Privately-held UCC, which makes canned coffee and runs cafes, is buying all shares in United Coffee from British private equity fund Capvest and United Coffee’s management.

(Reuters) – Japanese coffee company UCC Holdings said on Monday it had agreed to buy Geneva-based United Coffee for about 50 billion yen ($613 million).

 

Privately-held UCC, which makes canned coffee and runs cafes, is buying all shares in United Coffee from British private equity fund Capvest and United Coffee’s management, the Japanese firm said in a statement.

 

United Coffee, which has brands including Gala in the Netherlands, Lyons in Britain and Templo in Spain, had revenue of 422 million euro ($557 million) in 2011, the statement said. UCC had revenue of 341.3 billion yen for the year ending in March 2011. ($1 = 81.6050 Japanese yen) ($1 = 0.7571 euros) (Reporting by Taiga Uranaka; Editing by Joseph Radford)