Deals
Swiss Trader Sucafina to Buy Supplier to U.K. Costa Coffee Chain
- Sucafina picks up a 75% stake in merchant Complete Coffee Ltd.
- Deal comes as smaller traders struggle with commodity lending
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Swiss coffee trader Sucafina SA is pressing ahead with expansion plans, striking a deal to buy a majority stake in a U.K. merchant known for supplying Costa Coffee.
Sucafina bought a 75% stake in Complete Coffee Ltd., a seller to the British coffee chain that’s now owned by Coca-Cola Co., said Nicolas Tamari, Sucafina’s chief executive officer. The merchant is also the preferred partner of the Colombian Coffee Federation for instant coffee sales in the U.K.