Leading Australian retail food brand manager and franchisor, Retail Food Group Limited (RFG), announced that it has entered into a Sale & Purchase Agreement (SPA) to acquire the business and intellectual property assets of the New Zealand domiciled EvolutionCoffee Roasters Group comprising: Evolution Coffee Roasters; Roasted Addiqtion Coffee Dealers; Evil Child Beverage Co.
RFG CEO Tony Alford said, “The transaction delivers upon strategic growth initiatives previously advised to the market by adding value accretive businesses well able to provide additional revenues, synergies, scale and intellectual property expansion to the Company’s retail food franchise system portfolio”. “Without limitation, it will provide RFG with its own manufacturing facility and coffee roasting capability in New Zealand thus complimenting the Company’s recent acquisition of the Esquires Coffee House assets and intellectual property for New Zealand and Australia”, Mr. Alford said.
The businesses, which have been established for over 10 years, provide to RFG: an established wholesale and retail customer base, New Zealand based merchandising and production skill set, complimented by the ongoing engagement of the founders, security of quality coffee supply for our New Zealand franchise networks, dedicated New Zealand based training, research and development facility, and the opportunity to further leverage the Company’s intellectual property resources for the benefit of all stakeholders including franchisees.
Retail Food Group is a leading Australian retail food brand manager and franchisor. It is the franchisor and intellectual property owner of the Donut King, Michel’s Patisserie, Brumby’s Bakeries, Esquires Coffee Houses and bb’s café franchise systems.