Lavazza, Italy’s largest coffee company, has made a bid of a reported €600m for two French coffee brands, after it revealed that it was looking to enhance its international performance.
DE Master Blenders and Mondelez were forced to sell L’Or and Grand’Mère respectively to avoid violating European competition laws, after the two companies announced that they had agreed to merge in May. The merged entity became the second largest coffee company in the world behind Nestlé.
L’Or is a brand of espresso coffee capsules suitable for use in Nestlé’s Nespresso machines, while Grand’Mère sells a range of different coffee products.
The original tendering process attracted interest from coffee retailers and private equity firms from Britain, Israel and Japan – as well as Lavazza.