Sector News

Tchibo takes over UK coffee roaster Matthew Algie

August 16, 2016
Food & Drink

Leading independent coffee roaster Matthew Algie has been acquired by the German coffee and food service business Tchibo.

Described as complementary to both brands, the deal will allow Glasgow-based Matthew Algie to continue to operate as a standalone entity, keeping its triple ethical accreditation and trading standards.

Aided by Tchibo, Matthew Algie – one of the UK’s biggest suppliers to food markets – will have a platform for further expansion and innovation, looking to build on its recent growth.

The deal will see Matthew Algie remain the same in the UK and Ireland, continuing to be run by its current management team. Tchibo – whose services include a coffee food offering to sectors such as forecourts, hotels and offices – will use the acquisition to expand its own UK operations.

A contributing factor behind the acquisition is the growth of Matthew Algie’s sister-company, Espresso Warehouse. The brand sells Fairtrade espresso products and equipment to cafés, restaurants and hotels, with Tchibo aiming to take the brand across Europe.

On the conclusion of the acquisition, Nick Snow, Tchibo’s managing director for coffee service, said: ‘We are very keen to maintain Matthew Algie’s independence while providing it with the opportunity to drive innovation in the UK coffee service market. We will learn a lot from each other while both continuing to grow.’

Gary Nicol, chief executive for Matthew Algie, added: ‘Our focus remains on our dedication to sustainable sourcing and great tasting coffee for our customers, but now with the complementary experience, products and services and routes to market offered by new partners Tchibo.’

By Isabella Sullivan

Source: Imbibe

comments closed

Related News

May 15, 2022

Blurred lines: Vitafoods Europe 2022 review

Food & Drink

Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.

May 15, 2022

Crunch time: Mondelēz to dump chewing gum to take bigger bite of chocolate and biscuits markets

Food & Drink

Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.

May 15, 2022

Givaudan strengthens natural preservation portfolio with nitrite alternative for processed meat

Food & Drink

Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.