Sucafina acquires majority interest in Complete Coffee Limited
On 4 January 2021, Sucafina, a sustainable farm to roaster coffee company, agreed to take a majority interest in Complete Coffee Limited (CCL) alongside the Breminer family, which will retain participation in the company. The new partnership will provide added value for CCL’s customers, expanding coffee offerings in soluble, specialty and mainstream green coffees. CCL will have immediate access to Sucafina’s extensive global network of coffee supply chains and expertise.
UK-based Complete Coffee Limited has grown substantially over the years since its founding in 1929 as Alan J Ridge & Co Ltd, its merger with Ernest A Breminer Ltd in 1943, and acquisition of Priory Tea and Coffee in 1986. Under the leadership of the Breminer family and its current chairman, Ian Breminer, CCL has a long and storied reputation in the global coffee industry, trading soluble and green coffees to a variety of domestic and international clients.
“Although the company trades internationally, our biggest market is the United Kingdom. This partnership with Sucafina will enable us to bring economies of scale, many new origins, as well as risk management and finance strength to enhance our offers to our UK clientele,” said Ian Breminer, CCL’s executive chairman who will continue to lead CCL as it enters this new phase alongside Sucafina.
Cory Bush, managing director of CCL, said, “We anticipate adding people and resources over the course of 2021 to help accommodate our plans for the United Kingdom. Sucafina is also looking at additional acquisitions in other geographies as part of our strategic growth plans.”
Sucafina SA, headquartered in Geneva, Switzerland, is poised to contribute greatly to and share in these plans. “Both Sucafina and CCL have grown from strong family-owned beginnings that are based on shared values,” said Sucafina CEO Nicolas A Tamari. “We welcome CCL to the Sucafina family and look forward to working together to serve the entirety of the British coffee market.”