Stumptown’s investor met with other coffee companies


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.

Share this article!

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.

{biztweet}stumptown tsg{/biztweet}




Latest from Oregon Business Team