tata-acquires-leading-american-coffee-business-from-private-equity-firm

Tata acquires leading American coffee business from private equity firm

India's Tata Group continue to brew success with Tata Tea subsidiary, Tata Coffee announcing $220 million acquisition in US coffee market.
Tata Coffee announced on Sunday that it had signed an agreement to acquire Eight OÆClock Coffee Company EOC from San Fransisco based private equity firm, Gryphon Investors for $220 million. EOC opened its first store in 1859 and launched the ôEight OÆClock Coffeeö brand in 1919. Its presence today encompasses branded whole beans, retail coffee and the gourmet segment in the US and Canada. It sells under the Eight OÆClock and Royale brands in the retail coffee category Eight OÆClock is the 3rd largest national brand in terms of volume in America behind Folgers and Maxwell House. For calendar 2005 EOC registered net sales of $109 million on which it earned an EBITDA of $27...
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