Nestlé has agreed to buy Seattle’s Best Coffee from Starbucks, bolstering the Nescafe and Nespresso owner’s coffee business in the U.S.
Nestlé SA said it has agreed to acquire the Seattle’s Best Coffee brand from Starbucks Corp. , bolstering the Nescafe and Nespresso owner’s coffee business in the U.S.
The world’s largest packaged-food maker said Wednesday that the acquisition of the brand, which sells a range of packaged coffee in grocery stores as well as in locations such as workplaces, universities and hotels, would add depth to its North American portfolio. Nestlé didn’t disclose the terms of the deal.
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