In an April 2013 editorial of this magazine we discussed the agreement of a group led by German investor Joh. A. Benckiser GmbH (JAB) to buy Netherlands-based D.E. Master Blenders 1753 for EUR7.5 bin, as the investment firm continued to expand its presence in the global hot drinks market and increased the pressure on market leaders Nestle and Mondelez International. The deal followed previous JAB acquisitions of higher-end coffee houses in the U.S., namely Peet's Coffee and Caribou Coffee, and it was the biggest ever in the coffee sector by that time and also JAB's largest purchase ever.
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