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Breville Group Announces to Acquire LELIT Group

11 Mar 2022  |  09:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Breville Group Limited to Acquire LELIT Group

Breville Group announced that it has entered into an agreement to acquire 100% of the Italian based prosumer specialty coffee group, LELIT, effective 11 March 2022. The transaction is expected to complete by early July 2022 following a pre-acquisition restructure of the LELIT Group. It will acquire 100% of the LELIT group from the founders and current owners on a cash and debt free basis for a total consideration of EUR113m, subject to customary settlement adjustments.

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