GENEVA, SWITZERLAND, January 6, 2021 – On 4 January 2021, Sucafina announced an agreement to take a majority interest in Complete Coffee Limited (CCL) alongside the Breminer family, which will retain participation in the company.
The new partnership will provide added value for CCL’s customers, expanding coffee offerings in soluble, specialty, and mainstream green coffees. CCL will have immediate access to Sucafina’s extensive global network of coffee supply chains and expertise.
Complete Coffee Limited has grown substantially over the years since its founding in 1929 as Alan J. Ridge & Co Ltd, its merger with Ernest A. Breminer Ltd. in 1943, and acquisition of Priory Tea and Coffee in 1986. Under the leadership of the Breminer family and its current chairman, Mr. Ian Breminer, CCL has a long and storied reputation in the global coffee industry, trading soluble and green coffees to a variety of domestic and international clients.
“ Although the company trades internationally, our biggest market is the United Kingdom. This partnership with Sucafina will enable us to bring economies of scale, many new origins, as well as risk management and finance strength to enhance our offers to our UK clientele,” says Mr. Ian Breminer, CCL’s Executive Chairman who will continue to lead CCL as it enters this new phase alongside Sucafina.
Cory Bush, Managing Director of CCL, says “We anticipate adding people and resources over the course of 2021 to help accommodate our plans for the United Kingdom. Sucafina is also looking at additional acquisitions in other geographies as part of our strategic growth plans.”
Sucafina SA, headquartered in Geneva, Switzerland, is poised to contribute greatly to and share in these plans.
“Both Sucafina and CCL have grown from strong family-owned beginnings that are based on shared values,” says Sucafina CEO Nicolas A. Tamari. “We welcome CCL to the Sucafina family and look forward to working together to serve the entirety of the British coffee market.”
Notes For The Editor:
Sucafina is a leading sustainable Farm to Roaster coffee company, with a family tradition in commodities that stretches back to 1905. Today, with more than 1,031 employees in 29 countries, the Group is one of the leading coffee trading houses in the world, and one of the few focused entirely on coffee. Their extensive supply chains span from producer-facing export operations to destination sales offices around the world.
About Complete Coffee Limited
Complete Coffee Ltd are green and soluble coffee merchants founded in 1929 in London and are pioneers in sourcing ethical, certified, and specialty coffees in the UK and other markets. Complete Coffee Limited can look back on more than 90 successful years of trading. Originally founded as Alan J. Ridge & Co. Ltd in 1929, the Company has evolved in response to the changing needs of the International Coffee Market and has established a strong reputation in the global coffee industry.
For more information, read Bloomberg’s press release in this regard.