In late 2020, Tchibo partnered with distribution company Rainmaker Food Solutions LLC, a partnership which later saw the German coffee giant introduce retail coffee products at more than 180 Jewel-Osco supermarkets in Chicago. Julius Meinl is the latest major European roaster to focus its attention on the US retail coffee market. Marcel Löffler, Julius Meinl Coffee Group CEO. We believe that the US hospitality sector offers many opportunities as increasing numbers of customers come to appreciate the premium coffee experience that Julius Meinl is well-known for,” said “At a time when we mark our 160th anniversary and celebrate the role the brand has played in inspiring meaningful moments worldwide, we are looking to the future. “Having established Julius Meinl as a leading premium coffee and tea supplier within Florida, our new acquisitions will enable us to serve other exciting destinations across the USA,” Razvan Talpau, Managing Director, Julius Meinl North America. They will also provide a strategic foothold for the brand as it seeks to build its presence in the US market, which it first entered in 2015. The acquisitions form part of company’s goal to grow its US net sales from €6.4m ($7.2m) in 2021 to €12m ($13.5m) by 2025 and will contribute to the Julius Meinl Coffee Group's “midterm goal” of €300m ($339m). ![]() The Austrian coffee roaster said it completed deals to take control of Sovereign Coffee & Tea based in Orlando along with Miami-based firms, Paramount Food & Beverage and Restaurant Beverage Service (RBS), in late 2021. Julius Meinl has acquired a trio of US distributors as it seeks to nearly double its US revenues by 2025. Julius Meinl is seeking to nearly double its US revenues by 2025 | Photo credit: Julius Meinl We believe that the US hospitality sector offers many opportunities as increasing numbers of customers come to appreciate the premium coffee experience that Julius Meinl is well-known for.The Austrian coffee roaster is seeking to nearly double its US revenues by 2025 and strengthen its foothold in the market Marcel Löffler, Julius Meinl Coffee Group CEO, comments: "At a time when we mark our 160 th anniversary and celebrate the role the brand has played in inspiring meaningful moments worldwide, we are looking to the future. Razvan Talpau, Managing Director, Julius Meinl North America, said: "Having established Julius Meinl as a leading premium coffee and tea supplier within Florida, our new acquisitions will enable us to serve other exciting destinations across the USA." The three recent acquisitions - which were completed end-2021 - are for Paramount Food & Beverage in Miami, Sovereign Coffee & Tea based in Orlando and Restaurant Beverage Service (RBS) in Miami. US operations were first established in 2015 and are headquartered in Miami, but in the meantime cover Washington DC, Chicago, and New York.Īlready one of the biggest premium coffee and tea suppliers in the Florida hospitality sector, the additions will support the company's ambitions to expand its distribution base and introduce the unique traditions of Vienna coffee house culture to American hospitality customers and consumers.Īmong the customers is world-renowned pastry chef, Antonio Bachour, who chose Julius Meinl coffee for his award-winning pastry shop and restaurant in Miami. The acquisitions provide the brand with a strategic foothold as it seeks to build on the company's existing presence. The plan is to see US net sales grow from €6.4M ( 7.2M USD) this year to €12M ( 13.5M USD) net sales by 2025, contributing to the Julius Meinl Coffee Group's midterm goal of €300M ( 339M USD). Together, the acquisitions strengthen the longer-term corporate vision to establish the US as one of the top markets for the Julius Meinl Coffee Group worldwide. Its latest acquisitions are part of a plan to double net sales in the US by 2025 and become one of the preferred European coffee providers for hospitality customers. The 160-year-old iconic Vienna coffee house brand is currently distributed in over 70 countries. ![]() 8, 2022 /PRNewswire/ - Premium coffee brand Julius Meinl, one of the oldest coffee roasters in the world, is expanding its USA operation through the acquisition of three companies based in Miami and Orlando, increasing its hospitality customer base by more than 500 new partners.
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