The North American subsidiary of multinational inexperienced espresso buying and selling firm Sucafina Group has acquired progressive specialty espresso buying and selling firm Sustainable Harvest, based mostly in Portland, Oregon.
Sustainable Harvest, which was based by David Griswold in 1997, will now be a part of Sucafina North America, which operates beneath the title Sucafina Specialty. The monetary phrases of the deal haven’t been disclosed, though the acquisition features a 100% stake.
“Sustainable Harvest is rededicating itself to its core mission to help producers and roasters with traceable, clear buying and selling,” Sucafina North America stated in a press launch disseminated early this morning in america. “With this acquisition, we’re offering the stronger monetary help they should proceed working a few of the most progressive sustainability initiatives within the trade, whereas sustaining their firm independence and standing as a B Company.”
Present Sucafina North America senior dealer and sustainable provide chains director Kat Nolte Ferguson has been appointed as the brand new managing director of Sustainable Harvest. Longtime Sustainable Harvest associate Jorge Cuevas will stay SH’s chief espresso officer. SH founder Griswold, who has additionally served because the CEO, will transition to “an innovation function” throughout the international Sucafina Group, in response to the announcement.
Sustainable Harvest operates what it calls a “Relationship Espresso” mannequin, constructed upon ideas of transparency and traceability, nurturing long-term relationships with inexperienced espresso producer teams via investments, capacity-building and social sustainability initiatives. The corporate has not too long ago been concerned in quite a few “dwelling earnings” value initiatives.
Sustainable Harvest additionally hosts an occasion known as Let’s Speak Espresso, which generally takes place in a coffee-growing area or buying and selling hub of a coffee-producing nation, and maintains an inclusive, multi-stakeholder method to tackling a few of the inexperienced espresso trade’s most urgent social and financial sustainability points. The group is presently planning a Let’s Speak Espresso occasion in Copan Ruinas, Honduras, scheduled for later this month.
“Sustainable Harvest will proceed to innovate and problem the normal buying and selling mannequin by constructing traceable and clear provide chains that totally combine from finish to finish,” Cuevas stated on this morning’s announcement. “Along with Sucafina, we’ll proceed our dedication to serving espresso farmers and roasters. The connection espresso mannequin, producer companions, and prospects stay on the coronary heart of all we do.”
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Nick Brown is the editor of Day by day Espresso Information by Roast Journal.