Wicklow-based McCabe’s Coffee was bought by one of Spain’s largest coffee companies Cafento.
McCabe’s said it will continue to operate as an independent brand from its Irish headquarters, maintaining the same team, existing supplier and customer relationships.
The conditions of the deal are not being disclosed.
McCabe’s Coffee is among Ireland’s pioneering micro-roasteries, evolving from a small family roasting venture into a leading specialty coffee business. The 27-year-old business supplies more than 450 independent cafés across the island of Ireland.
This is Cafento’s second Irish acquisition after Java Republic in 2019.
The family-run international coffee group goes back to 1930 with headquarters in Tineo in northern Spain.
Cafento employs over 600 people with a production capacity of 21 million kilos per year.
It has an extensive distribution network throughout Spain, whilst consolidating its position in France and Central Europe.
Announcing the acquisition the CEO of the Spanish company Paula Rodríguez said that Ireland is an important market for her business.
“This partnership brings together two family-owned businesses that share the same values and the same long-term approach.”
Management team at Cafento said they see “clear potential to grow McCabe’s brand and take it to beyond Ireland over time.”
The co-founder of the Irish brand, Stephen McCabe, said he is “proud of the product” and “the relationships developed along the way.”
“In choosing a partner for the future, it mattered that they understood what makes McCabe’s special. Cafento brings continuity for our customers, employees and suppliers, alongside the backing to keep growing.”
