JDE Peet’s completed the acquisition of the Brazilian coffee and tea business from JAV Group.

JDE Peet’s, a coffee and tea company, completed the acquisition of the Brazilian coffee and tea business from JAV Group, a conglomerate of companies operating in varied market segments, such as food, agribusiness, packaging and exports. Financial terms were not disclosed. “We are delighted to welcome Maratá’s coffee & tea organisation to JDE Peet’s. Maratá’s portfolio and geographical presence are highly complementary to our existing franchise in Brazil. Together, we will serve more cups across a full range of price points and product offerings while expanding our regional presence in Brazil, one of the world’s largest coffee markets,” Fabien Simon, JDE Peet’s CEO.