Officials at four of the nation’s top high-end coffee companies say the investment company that took a stake in Stumptown also approached them.
Officials at four of the nation’s top high-end coffee companies say the investment company that took a stake in Stumptown also approached them.
Some of the conversations took place after TSG Consumer Partners invested in Stumptown Coffee Roasters.
Todd Carmichael, an owner of La Colombe Torrefaction, a Philadelphia roaster with coffee shops there and in New York, said that in mid-May Mr. Panos and another TSG official met with him in a La Colombe warehouse and offered to buy a controlling stake.
According to Mr. Carmichael, Mr. Panos said that he oversees a $900 million investment fund. “He asked if I had any contacts with people like Counter Culture, Intelligentsia or Blue Bottle, and whether or not I thought they would be selling, too,” Mr. Carmichael said, referring to other top roasters.
Read more at The New York Times.
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