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German coffee company The Melitta Group has acquired a majority stake in the Caturra roastery in Cape Town, South Africa.
The acquisition will be managed by Melitta Europe’s coffee division in Bremen, Germany, which oversees Melitta’s European coffee business.
Managed by Annette Becker and Ryan Palos, Caturra sells machines and non-coffee products like tea, water and cocoa to hotels, restaurants and businesses. With around 25 employees, Caturra is said to be a small but well-connected player in the South African coffee scene.
Matthias Rensch, managing director of Melitta Europe’s coffee division, said: “Growing in new markets and internationalising our business is important for Melitta Coffee in Bremen if we are to achieve the growth and earnings targets we have set ourselves. We are convinced that we can make excellent use of the Melitta Group’s extensive expertise for the growth and expansion of Caturra – and that we can also open up numerous new sales opportunities on the African continent for the Melitta Group’s business units.”
Terms of the transaction were not disclosed.
