Jacobs Douwe Egberts (”JDE”), a company controlled by JAB Holding (”JAB”), has acquired JOBmeal Holding AB (“JOBmeal”) from Valedo Partners Fund II AB (“Valedo”). JOBmeal has over the past two years completed four add-on acquisitions, expanded into Finland, grown significantly and doubled its profits. Today, JOBmeal is a leading company within office coffee solutions in Sweden and Finland. As a result of the acquisition by JDE, JOBmeal will be part of the world’s second largest coffee group, with access to competencies and resources for continued growth and development.
JOBmeal was founded in 2000 by a number of local Swedish companies with similar service and product offerings with focus on office coffee solutions. In 2016, Valedo invested in JOBmeal together with 18 former independent JOBmeal companies with a common vision to develop and improve the coffee experience for the company’s hundreds of thousands daily end consumers.
Over the last two years, JOBmeal has grown significantly and doubled its profits. Substantial investments have been made in the sales force and business development for accelerated growth and improved customer experience. This has resulted in strong organic sales and profitability growth as well as improved customer offerings. During Valedo’s ownership, JOBmeal has completed four add-on acquisitions, including expansion into Finland. Significant investments have also been made in the organization and IT infrastructure for improved productivity and quality assurance. JOBmeal is today a leading office coffee solutions provider in Sweden and Finland with strong local presence through 35 offices.
“Just over two years ago, JOBmeal consisted of 18 independent local companies. Today, JOBmeal is a leading office coffee solutions company in Sweden and Finland with a great future growth and development potential. The passion and knowledge of coffee and service within JOBmeal has been invaluable to achieve the results we have done over the past two years. I am very proud of what has been accomplished and I am convinced JOBmeal today has a very strong position for continued growth. We appreciate the cooperation with Valedo and look forward to becoming part of a global leading coffee company in JDE. Together we will continue to develop our service offerings and offer our customers the best coffee experience” said Fredrik Mossberg, CEO, JOBmeal.
The terms and conditions of the transaction are not disclosed.
For further information about JOBmeal, please contact:
Fredrik Mossberg, CEO
fredrik.mossberg@jobmeal.se
About Valedo:
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential.
About JOBmeal:
JOBmeal is a dedicated out of home coffee business, head quartered in Stockholm, offering a range of office coffee solutions to customers in Sweden and Finland. The company was established in 2000 and today employs over 370 associates in the Nordics.
About JDE:
For more than 265 years, we have been inspired by the belief that it’s amazing what can happen over a cup of coffee or tea. Today our coffee & tea portfolio is available in over 140 countries around the world through iconic household names including: Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Super, Kenco, Pilao & Gevalia.