Melitta and Burda take over majority stake in Roastmarket
The Burda subsidiary The Enabling Company and the coffee manufacturer Melitta take over the majority of the coffee start-up. Melitta is now the Frankfurt-based company's largest shareholder with a 72 percent stake.
Melitta Unternehmensgruppe and The Enabling Company (TEC) have already had a stake in Roastmarket since 2019, and now they have taken over the majority: As the Food Newspaper reported, Melitta now owns 72 percent, while Burda Verlag's investment arm TEC owns 28 percent. Previously, Melitta held about 25 percent of Roastmarket.
As an online platform, the coffee start-up carries over 100 types of coffee, but also sells coffee-related products. Founded in 2015 by Boris Häfele and Philip Müller, the company now employs 122 people. Müller left his start-up earlier this year, Häferle remains on board after the acquisition and continues to work on the development of Roastmarket.
Nothing about the platform is to change, Melitta announced to Gründerszene "With our strategic-financial participation, we want to offer the platform a development framework that supports the further expansion of roastmarket.de," Gründerszene quotes the company as saying.
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