TEL AVIV, Israel, July 4, 2013 /PRNewswire/ --
Strauss Group announced today that it is conducting a review together with TPG Capital, the minority shareholder in Strauss Coffee, of examining possible TPG exit alternatives from Strauss Coffee. This is following five years of partnership with Strauss Group, and regular practice of investment funds.
Strauss Group continues to regard Strauss Coffee as a major part of its activity, and will continue to support Strauss Coffee's development and growth.
No decisions have been made as yet regarding the TPG exit alternatives, as Strauss Group and TPG continue to explore together possible options.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Strauss Coffee nor shall there be any sale of any securities of Strauss Coffee in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Strauss Group: Strauss Group is a multinational food and beverage company headquartered in Israel. The company employs about 14,000 employees, operating 25 production sites in 20 countries. In the last eight years, Strauss Group has consistently achieved growth, having generated approximately $2.3 billion in annual revenue in 2012, of which 51% came from international activities. Strauss Group is comprised of five companies: Strauss Israel, Strauss Coffee, Strauss PepsiCo Dips & Spreads, Strauss Water and Max Brenner.
For more information please contact:
Director of Investor Relations
VP Communications, Digital and Spokesperson
Director of External Communications and Government Relations
SOURCE Strauss Group Ltd