Illycaffè Expands in Switzerland
Deal News | Jun 27, 2025 | Finance Community IT - 1 Corporate M&A
Illycaffè, the renowned coffee company from Trieste, has acquired full control of a Swiss distributor based in Thalwil. The acquisition aims to bolster Illycaffè's distribution capabilities and enhance the brand experience, aligning with the company's international growth and development goals. Following the recent exit of Daria Illy from the Holding Illy, the company remains under the control of Andrea and Anna Illy. Established in 1933, Illycaffè has a global presence in over 140 countries, committed to sustainability initiatives such as becoming a Benefit Corporation in 2019 and achieving B Corp certification in 2021. In 2024, the company reported consolidated revenues of 630 million euros. The Swiss market is considered strategic for its size and potential, making this acquisition a key move in reinforcing Illycaffè's position in major European markets.
Sectors
- Food and Beverage
- Retail
Geography
- Italy – Illycaffè is based in Trieste, Italy, and plays a significant role in this acquisition.
- Switzerland – The acquisition targets a distributor located in Thalwil, Switzerland, marking it a strategic location for Illycaffè.
- Europe – The acquisition is part of Illycaffè's broader strategy to strengthen its presence in key European markets.
Industry
- Food and Beverage – Illycaffè operates in the food and beverage industry, specifically in coffee production and distribution.
- Retail – The acquisition enhances Illycaffè's network of distribution, impacting its retail presence across various markets.
Financials
- 630 million euros – Illycaffè's consolidated revenue reported in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Illycaffè | Acquirer | Company | An Italian coffee company founded in 1933 with a presence in over 140 countries, focusing on premium coffee products and sustainability. |
| Swiss Distributor | Target | Company | The specific name of the distributor is not mentioned, but it is a company based in Thalwil, Switzerland, acquired by Illycaffè. |
| Andrea Illy | Corporate Leader | Person | Part of the controlling family of Illycaffè. |
| Anna Illy | Corporate Leader | Person | Part of the controlling family of Illycaffè. |
| Cristina Scocchia | Chief Executive Officer | Person | CEO of Illycaffè who commented on the strategic importance of the acquisition. |