If you’re a fan of this more than 30-year-old outpost java brand and its coffee, prepare for a major disappointment. Peet’s Coffee is set to go dark due to a $18 billion takeover of the beloved company. “I’ve been patronizing them for years thinking they are a local, small company — but not anymore.”The first Peet’s Coffee location opened in Berkeley, California in 1966. “I came to the richest country in the world, so why are they drinking the lousiest coffee?” Peet said. It all links back to Peet mentoring three entrepreneurs who wanted to launch their own coffee company, which became the Starbucks that fans know and love today.