Massimo Zanetti Beverage Group (MZBG) has acquired Portuguese company Cafés Nandi as it responds to growing coffee demand from across Europe.
The deal, which has been carried out through the Massimo Zanetti Beverage Iberia subsidiary, sees the Italian coffee company look to expand in the foodservice segment.
Founded in 1960, Cafés Nandi is based near Lisbon and produces a range of coffees, teas and infusions.
MZBG CEO Massimo Zanetti said: “I’m proud we have completed the acquisition of Cafés Nandi SA, a company based in Amadora, near Lisbon, which will enable us to expand the existing production site and to double production capacity during 2019 to meet the growing demand at European level, also for single serves.
“The new plant will be equipped with cutting-edge technology to take up new challenges and achieve major new expansion goals.”
Massimo Zanetti Beverage Iberia was created in 2017 through the merger of Segafredo Zanetti Portugal and Nutricafés, the Portuguese coffee company which MZBG acquired the year before. The deal saw the firm strengthen its presence in both Portugal and Spain.
MZBG – owner of brands such as Segafredo Zanetti and Kauai Coffee – earlier this month completed the acquisition of Australian coffee group The Bean Alliance for AUD 24 million ($17.4 million).
The Bean Alliance supplies a range of premium coffees under brands such as Bean Ground and Drunk, Gravity Espresso and Ox3.
By Jules Scully
Source: FoodBev
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