Matthew Algie, the British independent coffee roaster, has been acquired by the family-owned German coffee and foodservice business Tchibo, in a deal which both parties have hailed as complementary to their brands and customers across the UK and Ireland.
The senior management team of Tchibo cited a number of key attractions to Glasgow-based Matthew Algie; its dedication to ethical trading and ‘Triple Accreditation’, its leading-edge training operations and technical customer support; and the opportunity to grow Matthew Algie’s Espresso Warehouse brand, potentially across Europe.
Matthew Algie will continue to operate as a standalone entity but with the platform for further expansion and innovation. The deal with Tchibo will see the Matthew Algie brand retained in the UK with the company continuing to be run by its existing management team. Tchibo will use the acquisition to expand its operations in the UK and Ireland.
Nick Snow, managing director of Tchibo Coffee Service, said: “Matthew Algie stands out in the UK coffee trade for its unrivalled ‘farm-to-cup’ approach to ethical sourcing, its technical excellence with dedication to staff and customer training, and the opportunity to grow the Espresso Warehouse concept internationally.
“We are very keen to maintain Matthew Algie’s independence while providing it with the opportunity to drive innovation in the UK coffee service market. We will learn a lot from each other while both continuing to grow.”
Matthew Algie’s chairman Eric Hagman said: “This deal gives the company a major platform for further growth and to expand Matthew Algie’s operations across the UK with an eye on European markets also. Tchibo is the right partner to help us build on the achievements of the last few years and we are very excited about the future potential of the business.”