Raleigh, North Carolina-based Black & White Espresso Roasters is now a part of FairWave, persevering with FairWave’s five-year streak of acquisitions within the high-end specialty espresso business.

Black & White, based in 2017 by previous US Barista Champions Kyle Ramage and Lem Butler, turns into the eleventh model, and the primary in North Carolina, beneath the FairWave “collective” umbrella.

The monetary phrases of the deal weren’t publicly disclosed. An announcement from Kansas Metropolis, Missouri-based FairWave mentioned that Ramage will proceed to guide Black & White, whereas Butler is leaving the corporate, “however will stay dedicated to fostering significant and moral contributions to the specialty espresso business.”

Launched in 2020 with the mixed acquisition of Kansas Metropolis’s The Roasterie and Messenger Espresso, plus particular person Messenger-owned retail manufacturers, FairWave has since grown its model portfolio to incorporate Maryland’s Ceremony Espresso Roasters, Milwaukee’s Anodyne Espresso Roasting, Minneapolis’ Up Espresso Roasters and Spyhouse Espresso Roasters, and extra.

FairWave says it presents economies of scale and collective assets to companies, whereas sustaining the prevailing strengths of manufacturers of their native markets. The FairWave portfolio at present consists of seven roasters or roaster/retailers, plus 4 different bakery, tea or espresso store manufacturers.

Outdoors of its manufacturing roastery in Raleigh, Black & White at present operates two cafes within the Triangle space, whereas sustaining wholesale and direct-to-consumer gross sales.

“We’re thrilled to welcome Black & White Espresso Roasters to the FairWave Collective,” FairWave President of Development Isaac Hodges mentioned in an announcement from the corporate. “Their revolutionary strategy and dedication to pushing the boundaries of specialty espresso align completely with our imaginative and prescient. We sit up for studying from their ardour and rising collectively.”

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