Posted September 07, 2018 09:23:50 Ekena Millwork is a small coffee roaster in the small town of Rundle, Queensland, Australia.
Ekenamers first coffee beans were sent to factories in the United States and Japan and, after the United Kingdom and Australia closed their markets, Ekenaners roastery was closed in 2001.
Since then, the company has been in receivership and has been seeking a buyer to take over its business.
EK, which means “we” in English, is now one of the world-famous roasters of premium coffees like Espresso, Mellow, and La Manche.
EKENA’S COCOA STORY In 2002, the coffee giant Ekenas first coffee was sent to the U.S. by the United Nations in response to a U.N. call to send cocoa to Africa.
The coffee was a mix of dark and light, and was brewed in a different type of pot than Ekenama, the other roaster, and had a very different aroma.
In 2003, EKENs first batch of cocoa beans, which were roasted at its farm in South Australia, was shipped to Japan for export to the United Arab Emirates.
Two years later, EK sent a batch to Australia.
But because of the poor weather conditions, it was decided that the coffee would be sent back to Japan.
By the time Ekenams second batch was made in 2006, the weather was getting bad again and, as a result, EKenas coffee beans became very scarce.
In 2009, Ekens coffee was brought back to Australia by a former employee, who, with the help of an employee, found a buyer for Ekenabooma.
“The buyer for our coffee is not an individual or a business, but it is a group of people,” said Ekenabeamers CEO Peter Dickson.
The buyer for the coffee is a consortium of four people, which includes an investment group led by the Australian investor and the New Zealand businessman Andrew K. Jackson, a friend of Ekenacombe’s.
The buyers group is composed of a group including Mr. Jackson and his wife, Susan, and a partner, Mr. Peter Dolan, who is also a partner in the group.
Mr. Dolan told me that the buyer for his company is the New Zealander David MacKay, who has owned a number of coffee roasters in Australia.
He told me he has never heard of EK before, but was excited to hear about the sale of Ek.
“We have a great relationship with EkenAme and we’ve been looking for a buyer since we purchased our last roaster,” Mr. MacKay said.
“This is a great opportunity to acquire a significant number of Australian coffees.
This acquisition is the best of both worlds.”
Mr. K. MacKays partner, Peter DOLAN, is a friend and business partner of EKenabeambers CEO.
“Mr. MacKeays ownership is the key to our success and we are delighted to be working with him,” Mr Dolan said.
Mr DOLANNES investment is a large chunk of the purchase price.
He said it is about $4.2 million, which is about six times what Ekenaby’s current market value is.
In addition to the $4 million investment, Mr Dolnays investment group also includes Mr. Mackenzie, the managing partner of a major Sydney property developer.
The money will go towards a $3.2 billion capital investment project to build a $10 million development that will include a coffee farm and a large coffee factory.
The investment is expected to be completed in the first quarter of 2021.
The sale is expected in late 2020, after which the purchase is expected at auction, which would be held in a private market.
The company’s next move is to determine whether it is willing to accept a buyer.
Mr MacKay told me the acquisition will give the company an “opportunity to move forward in a more sustainable way.”
He said the company was in discussions with potential investors about a potential sale and, “The acquisition is not only about Ekenables future, it’s about the future of our brand and its future.”
In a statement, Mr MacKennys group said: “The Ekenakeamers family is proud to have been involved with this historic investment and to have achieved such a level of success with the coffee we produce.”
EK’S PRIVATE AND SECURITY INITIATIVE The purchase is part of the company’s strategy to secure a new ownership, and has raised questions about EK’s security in the wake of the recent terror attacks.
“A key element of our strategy is to continue to focus on our core business,” EK said in a