Breville (ASX:BRG) acquires Baratza - Sequoia Direct

02OctOctober 2, 2020

Breville (ASX:BRG) acquires Baratza

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/286949/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines03_360_201002.jpg’]

Kitchen appliance manufacturer, Breville Group (ASX:BRG) has acquired Baratza on a cash and debt free basis for approximately US$60 million.

Seatle based coffee grinding company Baratza designs and markets premium coffee grinders for North American and international markets.

Breville paid around US$43 million from existing cash reserves, and the remaining US$17 million by issuing additional shares in the company.

Shares in Breville Group (ASX:BRG) are trading 0.3 per cent higher at $25.97.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

08JanJanuary 8, 2020

WiseTech Global (ASX:WTC) acquires Swiss logistics solutions provider

08 Jan 2020 - Global logistics solutions group, WiseTech Global (ASX:WTC) has acquired SISA Studio Informatica,a leading customs and freight forwarding solutions provider in Switzerland.

13AugAugust 13, 2021

Stocks of the Hour: Telstra, AGL & QBE

12 Aug 2021 - A snapshot of the stocks on the move featuring Telstra (ASX:TLS), AGL (ASX:AGL) and QBE (ASX:QBE).

18SepSeptember 18, 2020

Anglo (ASX:AAR) successfully completes $11M placement

18 Sep 2020 - Gold and base metals explorer Anglo Australian Resources (ASX:AAR) has received firm commitments for an $11 million single-tranche placement at $0.17.

30SepSeptember 30, 2020

Corporate Travel Management (ASX:CTD) completes $262m institutional raising

30 Sep 2020 - Corporate Travel Management (ASX:CTD) has completed it’s Institutional Entitlement Offer, raising $262 million.

29DecDecember 29, 2020

Pacific Current Group (ASX:PAC) to invest in Astarte Capital Partners

29 Dec 2020 - Asset management firm Pacific Current Group (ASX:PAC) has entered into an agreement to purchase a minority stake in Astarte Capital Partners LLP.

27AprApril 27, 2020

Viva Energy (ASX:VEA) makes moves to shut Geelong Refinery

27 Apr 2020 - Viva Energy (ASX:VEA) has started preparations to shut down the Geelong Refinery’s Residual Catalytic Cracking Unit (RCCU) and associated processing units.

31JanJanuary 31, 2020

Splitit (ASX:SPT) revenue down 7% on previous quarter

31 Jan 2020 - Buy now, pay later company Splitit (ASX:SPT) posted that their revenue is down 7 per cent of US$433K on previous quarter.

15NovNovember 15, 2019

Althea Group Holdings (ASX:AGH) rides medicinal cannabis growth wave

15 Nov 2019 - Medicinal cannabis company Althea Group Holdings (ASX:AGH) has seen an uptake of its medicinal cannabis products in Australia.

07SepSeptember 7, 2020

Mirvac (ASX:MGR) CFO, head of retail property to leave

07 Sep 2020 - Mirvac's chief financial officer, Shane Gannon, and head of retail, Susan MacDonald, are stepping down from full time executive roles and will both depart the business.

12FebFebruary 12, 2020

Blackmores (ASX:BKL) downgrades full-year profit expectations

12 Feb 2020 - Health supplement company Blackmores (ASX:BKL) today released an update on the first-half financial results showing underlying NPAT of $18 million compared to $34.3 million a year ago.