MILAN – Tata Consumer Products has decided to divest its Map Out of Home coffee business in Australia to Buccheri Group Pty Ltd, a Boutique Coffee manufacturer established in Australia in 2007, and led by Santo Buccheri and his family. This divestment does not impact Tata Consumer Products’ existing branded tea business in Australia, informed the company. This move is consistent with the company’s focus on consolidating its businesses and enhancing profitability and business effectiveness.
This will also help bring greater focus to its core branded tea and coffee businesses in International markets, company added in the press release on Monday.
Sunil D’Souza, Managing Director & Chief Executive Officer, Tata Consumer Products Limited said, “In line with our strategy of driving structural simplification and focusing on core businesses where we see profitable growth, we have exited the out of home coffee business in Australia.
While it was a small part of our overall business, the divestment will help us further consolidate our International footprint and better focus on our core brands.”
Map Coffee joined the Tata Consumer Products family in 2014. Map Coffee was established back in 2002 and supplied Australian cafés, restaurants and bars with a range of Italian and locally roasted coffee. It then expanded into servicing the coffee needs of business offices across Australia, and, in 2009, moved into capsule machines and capsules outside the Grocery channel, followed by entry into the Grocery channel in 2014.
