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Kraft Heinz Canada Completes Acquisition of Ethical Bean Coffee

September 24, 2018 at 4:35 PM EDT

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Sep. 24, 2018-- Kraft Heinz Canada announced today that it has completed the acquisition of the assets of Ethical Bean Coffee. Founded in 2003, Ethical Bean Coffee is a leading roaster of 100% Fairtrade, certified organic coffee. Based in Vancouver, British Columbia, Ethical Bean is committed to social responsibility, global awareness and environmental accountability.

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Kraft Heinz Canada Completes Acquisition of Ethical Bean Coffee (Photo: Business Wire)

Kraft Heinz Canada Completes Acquisition of Ethical Bean Coffee (Photo: Business Wire)

Carlos Piani, President of Kraft Heinz Canada said: “Kraft Heinz Canada is continuously looking for ways to deliver superior quality, extensive variety, and finer products to Canadians. We believe quality coffee starts at the source, which involves responsible sourcing and supporting the hard-working dedicated farmers at origin. The acquisition of Ethical Bean Coffee reinforces our pledge to the sustainable health of our people, our planet and our Company.”

Lloyd Bernhardt, co-founder of Ethical Bean stated: “We are proud of what Ethical Bean has been able to accomplish over the past fifteen years, building a brand with a solid reputation across North America for great tasting coffee, that is sustainably sourced. With Kraft Heinz’s expertise and scale, we’re confident that Ethical Bean Coffee will continue to deliver on that reputation to a much wider audience.”

Terms of the deal were not disclosed.

ABOUT KRAFT HEINZ

Kraft Heinz Canada is a subsidiary of The Kraft Heinz Company (NASDAQ:KHC), the fifth largest food and beverage company in the world. A globally trusted producer of delicious food, The Kraft Heinz Company provides high quality, great taste and nutrition for all eating occasions. Kraft Heinz Canada, composed of its portfolio of iconic brands including Kraft, Heinz, Cracker Barrel, Classico, Philadelphia, Renée’s Gourmet, Maxwell House and Nabob is the #1 food and beverage and the #1 foodservice company in Canada and our products are found in more than 90% of Canadian households. Kraft Heinz is dedicated to the sustainable health of our people, our planet and our Company. For more information, visit www.kraftheinzcompany.com.

ABOUT ETHICAL BEAN COFFEE

Ethical Bean Coffee is a leading roaster of 100% Fairtrade Certified Organic coffee. Co-founders Lloyd Bernhardt — recognized by Business in Vancouver's "Top 40 under 40", and Kim Schachte — an award-winning graphic designer, are committed to social responsibility, global awareness, and environmental accountability.

Their journey to Guatemala in 1999 to adopt their daughter forever changed their lives, sparking a passion for the culture of the country and inspiring a desire to better the lives of the farmers and families living and working in the coffee industry. The couple returned to Vancouver and in 2003 launched Ethical Bean Coffee. What began as a small operation with one employee has grown into an international success.

Source: Kraft Heinz

Kraft Heinz
Av Maharaj
VP Corporate & Legal Affairs, Kraft Heinz Canada
av.maharaj@kraftheinz.com