CCL Products hits a 52-week high on acquiring six coffee brands from Lofbergs Group!

On Thursday, CCL Products (India) Ltd, India’s largest instant coffee maker, announced the acquisition of six coffee brands, including Percol, from Sweden-based coffee roasters Lofbergs Group. CCL has acquired six brands – Percol, Rocket Fuel, Plantation Wharf, The London Blend, Perk Up, and Percol Fusion – from Food Brands Group, a subsidiary of Lofbergs Group. The acquisition will give CCL access to major supermarkets in the UK, which is Europe’s largest instant coffee market with annual retail sales of USD 850 Million (Rs 69,187 Billion).

Lofbergs Group was founded in 1906 and is now one of the biggest coffee roasters in the Nordic region. Headquartered in Karlstad, Sweden, it has production equivalent to more than 10 million cups of coffee per day. It has its own roasting houses in Sweden, Norway, Denmark, and Latvia, and sells coffee in about ten markets in Northern Europe. Established in 1994, CCL is one of the world’s largest private-label coffee manufacturers, having manufacturing sites in India, Vietnam, and Switzerland.

CCL Products (India) Limited is a listed public company limited by shares, headquartered in India. It was founded in 1994 with the vision of creating only the finest and the richest coffee in the world. CCL Products has a strong infrastructural backbone and a global client repertoire in over 90 countries. The company has evolved into the largest instant coffee exporter and private label manufacturer across the globe.

Shares of CCL Products (India) Ltd are currently trading at Rs 644.75, up by 11.15 points or 1.76% from its previous closing of Rs 633.60 on the BSE. The scrip opened at Rs 656 and touched a high and low of Rs 658 and Rs 640.80 respectively. So far 9,736 shares were traded on the counter.

The BSE group ‘A’ stock of face value of Rs 2 has touched a 52-week high of Rs 658, and a 52-week low of Rs 343.05. The current market cap of the company is Rs 8,576.98 crore. The promoters holding in the company stood at 46.26%, while Institutions and Non-Institutions held 28.81% and 24.95% respectively.