Asahi acquires Allpress, maintains all full-time roles
Japanese beverage company Asahi has completed the acquisition of Allpress in its first venture into the coffee market.
The purchase of Allpress follows the beer company’s acquisition of Carlton and United Breweries (CUB) last June, further expanding its Australian portfolio.
CEO of Asahi Beverages Group, Robert Iervasi, said: “Asahi Beverages and Allpress are a great fit. We’ve been impressed by their premium branding, commitment to flavour, quality customer service and track record of growth – attributes that Asahi Beverages shares.”
The coffee outlet was founded by Michael Allpress in 1986, and now distributes more than 1,500 tonnes of coffee beans annually worldwide. Allpress said: “It’s been an amazing journey but after 30 years the time is right for the business to go to the next level. The expertise, craftsmanship and relationship-based culture it has developed mean it’s very well-placed to take this next step. I can’t wait to see what’s next for the business and the team.”
Michael Allpress will remain as an ambassador, and all of the full-time employees at Allpress’ jobs will be safe, according to a joint statement by Asahi and Allpress. The company has a small number of marketing and communications roles within the team.
CEO of Allpress, Vaughan Magnusson, said: “The acquisition won’t affect day-to-day operations and we don’t expect anything to change for customers or consumers.”
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