Colombo Coffee Company receives Rs. 100 m investment from Akbar Brothers

Friday, 20 December 2019 00:00 - - {{hitsCtrl.values.hits}}

Colombo Coffee Company (CCC), a leading coffee solutions provider and café operator, 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.

Akbar Brothers Director Imran Akbarally said: “Being the largest tea exporter in Sri Lanka, it made sense for us to partner 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.”

CCC Chairman Hiran Embuldeniya added: “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 putting Sri Lankan coffee on the world map.”