Peet's Coffee & Tea is buying a majority stake in Intelligentsia Coffee, the second time this month the specialty coffee pioneer has brewed a deal with an upstart “super-premium” roaster. With the acquisitions of Intelligentsia on Friday and Stumptown Coffee Roasters almost four weeks ago, Emeryville, Calif.-based Peet's now owns two of the three top artisanal coffee brands. Industry insiders call the companies, along with Durham, N.C.-based Counter Culture, the big three of the “third-wave” coffee movement, based on an artisanal approach to coffee that doesn't adhere to traditional...
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