FDBusiness.com

Strauss Coffee, part of Israel-based Strauss Group, has acquired a further 49% holding in Le Café and Instanta for $13.4 million, to complete the acquisition of 100% of the shares of these companies, which are active in Russia. The transaction will be financed by Strauss Coffee’s own resources and is subject to approval by the Russian antitrust authority.

Gadi Lesin (pictured), President & CEO of the Strauss Group, says: “Strauss Coffee continues to enhance its operational footprint in the CIS region. Completion of the acquisition of the shares of Le Café and Instanta in Russia is another step in our continuing growth in the region, which is considered the second largest instant coffee market in the world. The roasted and ground coffee plant, which we completed last December, along with the instant coffee packaging facility, are becoming Strauss Russia’s major infrastructure for production, packaging and logistics in addition to the freeze-dried coffee plant that serves us from Germany. All these facilities form an important foundation in the realization of Strauss Coffee’s strategy as it continues to invest and develop capabilities in Russia and the CIS countries.”

The transaction enables Strauss CIS to further develop its manufacturing and supply chain regional foot print, along with enhancing its cost structure and operational effectiveness.

Strauss Coffee is one of the five companies operating in the Strauss Group today. Strauss Coffee is active in CEE, Brazil and Israel and is considered the world’s fifth largest coffee company in terms of green coffee purchases and one of the fastest growing coffee companies in the past five years. 

The Strauss Group is Israel’s second largest food and beverage company.