One of Sydney’s favourite roasters has been snapped up by Dutch coffee giant, JDE.
Campos Coffee is a speciality coffee leader in Australia that has been independent for 20 years and now has over 600 cafés and as well as interests in a number of other related channels. Australian’s are known for their love of, and talent for coffee.
JDE, which is a conglomerate worth IRO $24bn is nevertheless under-performing in the market but has a strong presence in Australia with other companies like L’Or, already part of the group.
The Campos team have built an incredible brand and network across Australia, delivering award-winning and consistently outstanding coffee to their customers. – General Manager, JDE Peet’s Australia & New Zealand, Albert Moncau
Moncau went on to say “The business is a perfect fit for us and 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.“
The Founder of Campos, Will Young, added “We are incredibly proud of what we have achieved from our humble beginnings on the streets of Newtown in Sydney. The transaction will enable the Campos brand to further unlock its true potential.
Young started the business in 2002 when he opened a single cafe and roastery in Newtown. Now with 600 outlets, the business turned over AUD $50m (US$37.42m) last year but reported a loss overall of AUD $3.2m (US$ 2.4m).