Tchibo acquires UK roasting company | Progresiv
Germany’s high profile coffee roasting company Tchibo has acquired UK based roasting company Matthew Algie. The deal is said to have the goal of expanding Tchibo’s reach into the UK market with the financial terms of the deal not disclosed. 
Nick Snow managing director of Tchibo Coffee Services said:“Matthew Algie stands out in the UK coffee trade for its unrivalled farm-to-cup approach to ethical sourcing, its technical excellence with dedication to staff and customer training, and the opportunity to grow the Espresso Warehouse concept internationally.
“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.”
The 150-year-old UK company, which currently employs 220 people, will remain as a standalone brand and entity, with Tchibo providing a “platform for further expansion and innovation, building on its impressive growth in recent years.” The company stated. (www.foodbev.com)
