Timothy's Acquires Grabbajabba.(Timothy's Coffees of the World)(Brief Article)

Tea & Coffee Trade Journal | January 20, 2001 | Copyright

CALGARY, CANADA -- Comac Food Group Inc. has sold its Grabbajabba coffee operations to Toronto-based Timothy's Coffees of the World Inc. for $1.35 million, reports the Toronto Star.

Grabbajabba is a chain of 56 gourmet coffee stores, located mainly in Western Canada.

Timothy's, a private Toronto company, operates 100 gourmet coffee stores throughout Ontario, Quebec and New York City.

The Comac Group says it sold the Grabbajabba chain because it believes the company can generate higher returns on its capital by expanding the Domino's pizza business, ...

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