Lifco, a renowned safe haven for small and medium-sized businesses, has made a significant move by acquiring all shares in The Real Spirit of Coffee Ltd. The Real Spirit of Coffee is a supplier of high-end coffee machines and consumables, mainly serving the British market.
About The Real Spirit of Coffee
Based in Bolton, UK, The Real Spirit of Coffee is a company that specializes in providing coffee machines and consumables under the Rijo42 brand. With net sales of approximately GBP 24 million in 2022 and 66 employees, the company has made a name for itself in the coffee industry.
Consolidation in Business Area Systems Solutions
The Real Spirit of Coffee will be consolidated into Lifco’s Business Area Systems Solutions, division Service and Distribution. This acquisition is expected to take place in the second quarter of 2023, further strengthening the Systems Solutions Division.
Impact on Lifco’s Earnings
The acquisition is not expected to have any significant impact on Lifco’s earnings or financial position in the current financial year. This move is in line with Lifco’s business concept of acquiring and developing market-leading niche businesses to deliver sustainable earnings growth and robust cash flows.
Lifco’s Philosophy and Performance
Lifco operates with a clear philosophy centered on long-term growth, profitability, and a strongly decentralized organization. The Group consists of 211 operating companies in 30 countries, and in 2022, Lifco reported EBITA of SEK 4.7 billion on net sales of SEK 21.6 billion. The EBITA margin was 21.6 percent.
Conclusion
Lifco’s acquisition of The Real Spirit of Coffee is a major step forward in expanding the company’s Systems Solutions Division. With a focus on delivering sustainable earnings growth and robust cash flows, Lifco remains committed to its philosophy of long-term growth and profitability. Stay tuned for updates on this exciting development.
Bernie Grady is a technology and business journalist who writes about trending topics in the world of technology, entertainment, and business. She has a keen eye for spotting new trends and loves to share her insights with her readers. Bernie has been writing professionally for over 10 years and has experience covering a wide range of topics. When she’s not writing, she enjoys spending time with her family and friends.