Java Republic has recently announced that it is 'joining forces' with the family-run Spanish coffee company Cafento.
Cafento will take a 'majority stake' in the Java Republic business, however, the company will remain headquartered in Dublin.
'The Spanish coffee company will focus on growing the domestic offer in Ireland across all segments of the market, as well as finding global opportunities for the brand,' the group said in a statement.
"Our mission is to influence the development of the coffee market with our experience, knowledge, products, services and involvement with customers, being able to anticipate changes in society," Carlos Manuel Rodriguez, CEO of Cafento said.
In a statement the Irish coffee roasters said that the deal will see the existing management team remain in place and work in partnership with Cafento to oversee the domestic and international expansion of the Java Republic brand.
The business will be run by Grace O’Shaughnessy and Jeffrey Long.
Emma Brett, director of Cafento International, will move to Dublin to 'further strengthen' the team.
Java Republic was founded 20-years ago by David McKernan and according to the statement he will continue working with the company in a non-executive capacity as a brand ambassador.
“Many customers, suppliers and most importantly team members have played an important role in growing our business over the last 20 years," McKernan said.
"For everyone involved in Java Republic, we have found a great partner to take the business into the future."
Cafento which is a third-generation Spanish family business and one of Spain’s largest coffee companies, will continue to employ upwards of 80 people.
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.