Amsterdam — JAB Holding, the German investor firm that owns Peet’s Coffee and Jacobs Douwe Egberts said on Tuesday it would merge the two into a single coffee and tea company which it would seek to list on the stock market in an initial public share offering (IPO) in 2020.
The investment firm, backed by the billionaire Reimann family, said in a statement the newly formed company JDE Peet’s, which also owns the Pickwick, Senseo, Tassimo and L’OR brands, will have operations in 140 countries and combined annual revenue of €7bn. ..
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