Asahi Beverages has acquired New Zealand-based fresh coffee business Allpress Espresso for an undisclosed sum.

Allpress Espresso, which was established by Michael Allpress in 1989, supplies 1,500t of coffee beans to boutique cafes and restaurants across the globe.

Allpress also sells its beverages directly to consumers via online and through its cafes in Melbourne and Sydney.

With a workforce of more than 240 people, Allpress Espresso has established its operations in the UK, Australia, New Zealand, Japan and Singapore.

Allpress Espresso CEO Vaughan Magnusson said: “Asahi share our focus on quality and have values that align with ours. They are the right organisation to take Allpress to the next level while preserving our heritage, culture and integrity.

“The acquisition won’t affect day-to-day operations and we don’t expect anything to change for customers or consumers. It’s business as usual at our roasteries, with the same great local coffee and service.

“The big difference is we can now draw on Asahi’s extensive customer relationships and consumer goods expertise to help ensure Allpress’ long-term success.”

Asahi Beverages said that it will retain all the employees as well as the management, while founder Michael Allpress will continue his association with the business as an ambassador.

With this acquisition, Asahi Beverages’ forays into Australian fresh coffee market and expands its offerings portfolio to cafes, restaurants, licensed venues and grocery stores.

Asahi Beverages Group CEO Robert Iervasi said: “Asahi Beverages and Allpress are a great fit. We’ve been impressed by their premium branding, commitment to flavour, quality customer service and track record of growth – attributes that Asahi Beverages shares.

“We’re thrilled to extend our portfolio of brands into the large and complementary coffee category, which will also help us meet more of our customers’ needs whether they be cafes, restaurants, pubs or retailers.

“This acquisition consolidates our position as the multi-beverage provider of choice for customers and consumers. Today’s announcement highlights Asahi Beverages’ long-term commitment to the ANZ region, local jobs and expanding our beverage and service offerings.”