Breville Group: Completes Baratza purchase

October 5, 2020

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Breville Group: Completes Baratza purchase

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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