New Orleans non-public fairness agency LongVue Capital, a present investor in Pod Pack, described the deal as each a “mixture” and as a “complementary merger.” The monetary phrases of the deal weren’t disclosed.
With a 74,000-square-foot manufacturing facility in Baton Rouge, Pod Pack’s enterprise is squarely targeted on the manufacture and co-packing of single-serve espresso pods in numerous codecs, notably together with Keurig-compatible pods and spherical, flat, tender pods in foil packaging.
Whereas Joe’s Storage additionally provides manufacturing and co-packing for a variety of single-serve and multi-serve espresso codecs, the Seattle-area firm can be identified for its private-label, toll roasting, mixing and associated manufacturing roasting providers.
“Our partnership with Pod Pack is predicated on a cultural match that gives continuity to not solely our extremely valued buyer base but additionally to our deeply appreciated staff members, who’re the cornerstone of our success,” Joe’s Storage President Chris Melonas mentioned in an announcement of the deal. “We’re very impressed with all the Pod Pack group, and this merger enhances our collective scale and capabilities as a way to proceed exceeding the increasing wants of our buyer base with out compromise to service dedication or high quality.”
By way of the merger, the mixed firms plan to develop product and repair capabilities whereas catering to further geographic markets in a variety of espresso enterprise channels, together with e-commerce, espresso retailers, comfort shops, quick meals, workplaces and hospitality.
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