24 December 2019 08:47 am
Representatives of Colombo Coffee Company and Akbar Brothers
Colombo Coffee Company (CCC), Sri Lanka’s leading coffee solutions provider and café operator, has reached an agreement with Akbar Brothers for a Rs.100 million growth
equity investment.
This will further cement CCC’s position as the market leader in providing coffee solutions for the HORECA segment through leading brands such as Lavazza, Toscana, La Cimbali and Gaggia.
With this investment CCC will also be looking to expand its presence as the largest operator of cafés in Sri Lanka through its Barista and Caramel
Pumpkin brands.
“Being the largest tea exporter in Sri Lanka, it made sense for us to partner with CCC to better serve customers with tea and coffee solutions. We are very excited about this new partnership and having Ironwood Capital Partners and Crossbrand Investments as our co-investors in this journey,” Akbar Brothers Director Imran Akbarally said.
“Thanks to a combined effort from the group, we are enjoying our strongest position yet within the HORECA and café segment in Sri Lanka. Having Akbar Brothers on this journey allows us to expedite growth, and drive initiatives such as bringing back Sri Lankan coffee to the global map,” Colombo Coffee Company Chairman Hiran Embuldeniya said.