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| Tuesday, 7 February 2012, 09:22 HKT/SGT | |
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PORTSMOUTH, VA / VILLORBA-TREVISO, Feb 7, 2012 - (ACN Newswire) - Massimo Zanetti Beverage USA, Inc. has acquired from the Sara Lee Corporation a highly specialized gourmet food service coffee business that will add more than $150 million in annual revenue to MZB's overall portfolio.
The business is supported by a roasting and packaging facility located in the Borough of Moonachie, Bergen County, New Jersey along with an experienced and dedicated workforce of 115 employees. Terms of the transactions were not disclosed.
Today's acquisition will expand Massimo Zanetti Beverage USA's total food service coffee business to more than 125 million pounds. "Through this acquisition, we broaden our capabilities and capacity to roast and package high quality gourmet coffees for current and future food service customers," said John Boyle, COO Massimo Zanetti Beverage USA.
Massimo Zanetti Beverage USA is headquartered in Portsmouth, Va., and is a subsidiary of the privately held Massimo Zanetti Beverage Group, one of the world's largest, fully vertically integrated coffee companies. As a result of this acquisition the group will increase its global coffee production to more than 330 million pounds, supported by a workforce of greater than 3,000 employees operating in over 100 countries.
About Massimo Zanetti Beverage USA, Inc.:
Massimo Zanetti Beverage USA is among the nation's largest coffee roasters, with nationally recognized retail brands including Chock full o'Nuts(R), Hills Bros.(R), Segafredo Zanetti(R), MJB(R), and Chase & Sanborn(R). With its headquarters and state-of-the art manufacturing facility located in southeastern Virginia, the company produces proprietary and private label coffee, tea and drink mix for customers in all retail channels and food service throughout North America and around the world. In addition Massimo Zanetti Beverage USA franchises Chock full o'Nuts(R) Coffee Shops and Segafredo Zanetti Espresso(R) Cafs. Massimo Zanetti Beverage USA is part of the Massimo Zanetti Beverage Group, the world's largest privately owned coffee group comprised of nearly 50 companies operating in over 100 countries.
For more information, visit: www.mzb-usa.com .
About Massimo Zanetti Beverage Group:
Massimo Zanetti Beverage Group, headquartered in Villorba-Treviso, Italy, is a privately held, vertically integrated organization of nearly 50 companies operating in over 100 countries that cultivates, trades, processes, roasts, packages and distributes coffee throughout the world. The Group owns more than 20 consumer brands worldwide, including Chock full o'Nuts(R), Hills Bros.(R), Segafredo Zanetti(R) Espresso, Meira(R), Brodies(R), Tiktak(R) and La San Marco(R), that span a rich variety of high quality products including espresso, coffee, tea, spices and barista-level espresso equipment.
For more information and media contacts, visit: www.mzb-group.com .
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Massimo Zanetti Beverage Group via Thomson Reuters ONE
Copyright (c) Thomson Reuters 2012. All rights reserved.
Topic: Press release summary
https://www.acnnewswire.com
From the Asia Corporate News Network
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