Mondelez International and D.E. Master Blenders form new coffee company

|By:, SA News Editor

Mondelez International (MDLZ) says it will form a new coffee company with D.E. Master Blenders.

The new company, Jacobs Douwe Egberts, is forecast to have revenue of over $7B and an EBITDA margin in the high teens.

Mondelez will have a 49% interest in Jacobs Douwe Egberts after the transaction closes.