Coffee firm completes UK distribution business purchase

Sep 15, 2019

ITALIAN coffee company illycaffè SpA has completed the
acquisition of Northampton-based Euro Food Brands’ UK illy division
distribution business.

The acquisition will enable illycaffè to directly manage its UK
distribution operations and signals the company’s intention “to keep on
investing in the United Kingdom, despite Brexit uncertainties.”

The deal involved an initial reorganisation and restructure of
the EFB business to demerge the illy coffee business, together with the sale of
this division to illycaffè SpA. The disposal included the transfer of business,
assets and staff responsible for the distribution of illy coffee products in
the UK.

However, EFB will continue to manage the supply of all retail
and ecommerce retail customers on illycaffè’s behalf.

Law firm Howes Percival’s Northampton office and business
advisers KPMG, which provided tax and structuring advice, oversaw the restructure
and advised EFB shareholders on the sale.

Howes Percival partner Gerald Couldrake, who heads the firm’s
corporate and commercial team in Northampton, said:  “We are delighted to have advised the
shareholders in relation to this complex transaction, which allows EFB to
continue to distribute illy coffee into UK retailers for the foreseeable
future.

“Even in the current uncertain economic climate, our corporate
team is completing significant sized deals and we have a strong pipeline of
deals to come. We are seeing an upturn in transactions in the Northampton
office and across the country we have been busy with everything from financing
and acquisitions through to MBOs.”

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