Asahi buys Allpress Espresso

A vital Allpress bean dispensary in Dunedin.

Fri, 30 Apr 2021

Japanese global beer giant Asahi has moved into the Australasian coffee market with the purchase of Allpress Espresso, from Kiwi founder Michael Allpress.The acquisition price wasn’t disclosed, but the Tokyo-listed brewing group, which has a market capitalisation of almost $30 billion, has been shoring up its Australia and New Zealand beverage interests in recent years.In 2019 Asahi Group paid A$16 billion for Carlton and United Breweries, the Australian subsidiary of Anheuser-Busch InBev. In 2011 it bought both juice maker Charlie’...

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