FinTechFunding

Breville Group: Completes Baratza purchase

  • Leading kitchen appliances company Breville Group (BRG) has completed its US$60 million (approx. A$83 million) purchase of Baratza
  • Baratza is a Seattle-based coffee grinding company which designs and markets premium coffee grinders
  • Baratza founded in 1999 and designs and markets premium coffee grinders for North American and international markets
  • This purchase brings together two of the world’s leading design and global distribution of coffee products
  • Of the $83 million, around US$43 million (around A$60 million) paid in cash, while the other US$17 million (nearly A$24 million) issued through shares
  • On market close for the weekend, Breville is down 0.62 per cent and trading for $25.73 per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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