Van Houtte being Sold - $615 Million
Looking to expand their business, Van Houtte was just sold to a private equity firm for $615 million. The maker of coffee and k-cups will utilize the newly found capital as a way to continue their expansion over the coming years. The company was started back in 1919, and the head of the family business indicated that while he was sad to make the decision to sell, he recognized that the company needed to grow and for that they needed deeper pockets to realize their expansion goals.
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Posted by Scott Martin at July 10, 2007 7:23 AM
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