Peet's Coffee & Tea buys Stumptown Coffee Roasters

October 7, 2015 9:51 AM

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Peet's Coffee & Tea buys Stumptown Coffee Roasters

Caffeine giant Peet's Coffee & Tea has scooped up Stumptown Coffee Roasters as it seeks to expand its reach into high-end beverages.

The move, which signals the California-based company's continued ambitions in the hot drinks market, has sent ripples through America's coffee-loving ranks.

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