Lavazza Group buys 80 per cent stake in Kick­ing Horse Cof­fee

Cape Breton Post - - Business -

TORONTO — The Lavazza Group has pur­chased an 80 per cent eq­uity stake in Kick­ing Horse Cof­fee.

The B.C.-based or­ganic and fair-trade cof­fee roaster was val­ued at $215 mil­lion. The Ital­ian cof­fee com­pany ac­quired their stake in Kick­ing Horse from a pri­vate eq­uity fund that has held the in­vest­ment since 2012. Kick­ing Horse co-founder Elana Rosen­feld will keep the re­main­ing 20 per cent stake in the com­pany and con­tinue to serve as its CEO.

She started the com­pany in 1996.

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