Joh. A. Benckiser agreed to buy D.E. Master Blenders 1753, a European coffee and tea company, for 7.5 billion euros ($9.8 billion).
April 15/London/New York Times -- Joh. A. Benckiser agreed to buy D.E. Master Blenders 1753, a European coffee and tea company, for 7.5 billion euros ($9.8 billion).
The deal is one of the largest takeovers so far this year in Europe, and is the latest coffee acquisition for Benckiser, an investment vehicle for the wealthy Reimann family of Germany, which also owns well-known brands like Jimmy Choo shoes and Sally Hansen nail polish.