Breville Group has acquired Bellevue WA-based Baratza, a manufacturer of coffee grinders, for approximately $60 million, with $43 million in cash and $17 million in shares.
Established in 1999, Baratza designs and markets premium coffee grinders for North American and international markets. The acquisition, said Breville, will be complementary to the company’s existing premium coffee business.
“We are excited by the opportunity to bring Baratza into the Breville family. Our combined experience will unlock dynamic revenue synergies for both businesses, that share a passion for innovation and an unwavering commitment to enhancing the consumer experience,” said Jim Clayton, Breville Group CEO.
“As a business renowned for its excellence in leading edge design and customer service, it is vital to us that we maintain our unique culture and global brand,” said Kyra Kennedy, Baratza CEO and co-founder. “In Breville Group, we are confident we have found a partner with shared values and deep category expertise, whose vision for the future complements our own.”