Paulig Group’s Coffee Business sells its shares of the Norwegian coffee roastery Kjeldsberg
Paulig Group’s Coffee Business sells its 30% minority interest of the Norwegian Kjeldsberg Kafferibrenneri AS. The buyer is R. Kjeldsberg AS that belongs to the Kjeldsberg Gruppen.
Paulig has been a shareholder of the company since 1997. Kjeldsberg Kaffebrenneri has a turnover of approximately 15 million euros, with 20 employees. Purchase price will not be made public.
The transaction is part of a larger business arrangement, during which the ownership base of the Norwegian roastery will change. The main owner will be the Norwegian company Rema Industries AS, that belongs to Reitan Group which operates in several countries. R. Kjeldsberg’s ownership will consist of 40%. Lykke AS is the third owner with a proportion of 10%.
Reitan Group is the owner of, for example, the Norwegian REMA 1000 retail chain and kiosk chains in Norway, Sweden, Baltics, and Finland, where the R-kioski chain was acquired recently.
Paulig will continue its cooperation with the roastery regarding the procurement of green coffee among other things.
Director of Paulig Group Coffee Business, Elisa Markula
Elisa.firstname.lastname@example.org tel. +358 50 896 0978
We at Paulig Group are focused on searching for the best tastes. We are an international family-owned company in the food industry. We are known for our high-quality brand products. Our main branches are World Foods & Flavouring, Coffee, and Industrial Flavouring. Our strong brands are Paulig, Santa Maria and Discovery, among others. We have approximately 2000 employees in fifteen different countries and our turnover was 768 million euros in 2010.