Strauss to buy major coffee brands

20th April 2008

Israel-based food company Strauss Group in mid-April announced its purchase of the Cosant Enterprises coffee brands in Russia and Ukraine for $93m (€59.1m).

The acquisition of the brands, including Chornaya Karta and Kaffa, makes Strauss the second largest roast and ground coffee processor in Russia, according to the company.

Strauss, known for its Elite coffee brand in a number of markets, already has a strong market presence in the Balkan countries, Poland, Serbia, Montenegro and Brazil, the company added.