Belgian coffee service company Miko has acquired coffee roasting firm SAS for €1.9 million, as it looks to build a new roasting facility alongside the motorway in Turnhout.
Located in Beerse, near Turnhout, SAS reports annual revenue of approximately €35 million and specialises in a wide range of coffee products, including capsules, pads, bags and coffee filters for the European retail market. The company is also a coffee wholesaler.
Miko’s CEO, Frans Van Tilborg, said: “SAS is a fellow coffee roasting company with whom we have been collaborating for many years for certain specialist coffee products…While Miko historically has been focusing on the out-of-home market, companies, catering and institutions, SAS has traditionally held a strong position in the retail market.”
He continued: “It is our intention to construct a completely new roasting facility alongside the motorway in Turnhout…The acquisition of SAS means that we will increase the volumes of coffee that we are roasting and packaging more than twofold. That is how we will rapidly be making good use of the capacity available in the new roasting facility…We anticipate that the new facility will be fully operational within three years.”
The acquisition comes eight months after German packaging firm Paccor agreed to acquire Miko Pac, the packaging division of Miko.
