Italian coffee producer Lavazza is considering the acquisition of the German company Dallmayr, marking a significant move in the coffee industry amid rising raw material costs. The talks are in early stages and are being facilitated by investment bank Goldman Sachs. The planned acquisition would be conducted through a share swap, with Lavazza gaining a majority stake in Dallmayr. This acquisition comes less than two years after Lavazza acquired the Italian company IVS. Dallmayr is a family-owned company with annual revenues of about 1.2 billion euros and operates in over 50 countries. Lavazza reported revenues of 3.35 billion euros last year, with a profit of 82 million euros, which could increase if the deal is finalized.
Political Perspectives:
Left: Left-leaning outlets emphasize the challenges faced by the coffee industry due to rising raw material prices and frame Lavazza’s potential acquisition of Dallmayr as a strategic move to protect jobs and maintain quality in the European coffee market. They may also highlight the role of family-owned businesses in preserving local industry and the importance of sustainable business practices.
Center: Centrist sources report the acquisition talks factually, focusing on the business and economic implications of the deal. They highlight the financial details, the involvement of Goldman Sachs, and the potential for growth and consolidation in the coffee sector. The narrative is balanced, presenting both companies’ backgrounds and the potential benefits of the merger.
Right: Right-leaning media may emphasize the business success and expansion of Lavazza as a symbol of Italian entrepreneurship and economic strength. They might frame the acquisition as a positive example of European companies competing globally and strengthening their market position. There may be less focus on challenges and more on the strategic and financial benefits.