EMERYVILLE Calif. Peet’s Coffee & Tea Inc. has agreed to acquire Diedrich Coffee Co. for about $213 million in cash and stock, a move that officials said would help the chain capture a larger share of the wholesale coffee market.The transaction includes Irvine, Calif.-based Diedrich’s portfolio of brands, including Diedrich Coffee, Coffee People and Gloria Jean’s, sold primarily online and to restaurants and specialty retailers.Pat O’Dea, Peet’s president and chief operating officer, said ...
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Contact: Desiree Torres Desiree.Torres@penton.com