Sydney’s Campos Coffee has been acquired by Dutch-based coffee and tea company JDE Peet's. It will join L’OR, Moccona and Piazza Doro in its Australian brand portfolio.
Established in 2002, Campos Coffee is a speciality coffee roaster, which launched in Newtown, Sydney by its founder Will Young. He said the sale will enable the brand to further unlock its true potential.
“JDE Peet’s has become Australia’s leading pure-play coffee business by respecting the heritage and uniqueness of local coffee brands,” said Young
“We are confident that Campos can and will continue to grow under their stewardship by continuing to focus on what made us Australia’s number one specialty coffee brand – high quality coffee and great service to our café partners.”
In 2020, Campos generated around $50 million in revenue and recently expanded its availability into Woolworths stores, under both its Campos and Sacred Grounds brands.
JDE Peet's Australia and New Zealand general manager Albert Moncau said Campos was “a perfect fit for us”.
“The Campos team have built an incredible brand and network across Australia, delivering award winning and consistently outstanding coffee to their customers.” Said Moncau.
“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 sale is expected to be complete in July, subject to limited pre-closing conditions.