The blogosphere was ablaze with rumors last week that New York-based investment firm TSG Consumer Partners bought 90 percent of Stumptown Coffee Roasters, reputed leaders in the specialty coffee industry.
Initially, Stumptown owner Duane Sorenson sidestepped the rumors by saying that he received capital from a buddy. However, a paper trail led to TSG Consumer Partners, which has a history of purchasing successful companies, growing them substantially and selling them off in about five years.
Does it matter to you whether your favorite products are locally owned? Has your experience with a product changed as its company grew?
- Sarah Allen: Editor of Barista Magazine
- Kevin Fuller: Owner of Albina Press
- Steve Smith: Owner of Smith Teamaker
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OPB | April 16, 2015