Stumptown Acquired by Peet’s
The coffee world was set abuzz last week when Peet’s Coffee & Tea, a Berkeley, Calif. based coffee roaster, announced it was buying Stumptown Coffee Roasters, a specialty coffee company based in Portland, Oregon. Peet’s will acquire complete ownership of Stumptown from its current shareholders, in-cluding TSG Consumer Partners LLC, a private equity firm with investments in the branded consumer sector. Details of the transaction were not disclosed by either company, though both busi-nesses issued statements reassuring customers that there would be few changes in ei-ther brand. Peet’s and Stumptown...