::this post ID is 22959::::in categories of ..Food Services....News..::

Foodtastic Inc. acquiring Second Cup Coffee from Aegis Brands

] Quebec-based Foodtastic Inc., has entered into an agreement to purchase Second Cup Coffee from Aegis Brands.
Quebec-based Foodtastic Inc., has entered into an agreement to purchase Second Cup Coffee from Aegis Brands.

Aegis Brands has announced plans to sell specialty coffee brand Second Cup Coffee Co. (Second Cup) to Quebec-based Foodtastic Inc.

“Second Cup has been a Canadian staple for almost 45 years, and we’re excited to welcome them into the Foodtastic family,” said Foodtastic president and CEO Peter Mammas. “We look forward to working with all our new franchisees and emerging through this pandemic with a revitalized Canadian leader in the premium coffee segment. This acquisition is consistent with our strategy of acquiring quality Canadian brands with growth potential.”

“We are pleased that the Second Cup brand and franchisees have the opportunity to evolve with a new Canadian partner,” said Aegis president and CEO Steven Pelton “At Aegis we will now focus on further development of Bridgehead Coffee and Hemisphere Cannabis, while seeking out exciting new growth and acquisition opportunities.”

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