Italian Company Completes 50% Acquisition of Massimo Zanetti Beverage GroupDaily Espresso Information via Roast Mag

MZB Team Headquarters Villa Zanetti. MZB Team press picture.

Italian funding company QuattroR has finished its 50% acquisition of privately owned Italian multinational espresso large Massimo Zanetti Beverage Team S.p.A. (MZB)

With the purchase, the gang’s board named longtime meals and beverage govt Pierluigi Tosato CEO. He replaces Massimo Zanetti Beverage Team Founder and previous most important proprietor Massimo Zanetti within the place.

Zanetti, a former baby-kisser and entrepreneur who has been referred to in Italian media as “The King of Espresso,” created MZB following his acquisition of the Segafredo espresso corporate in Bologna within the Nineteen Seventies.

Segafredo Zanetti is still a number one espresso emblem for MZB, which now has a industrial presence in 110 nations and reported earnings of roughly US$1.2 billion in 2023. With industry divisions on a couple of continents, together with Massimo Zanetti Beverage USA in North The united states, MZB Team sub-brands come with Hills Bros., Chock Complete O’Nuts and Kauai Espresso.

Massimo Zanetti. “Massimo Zanetti” via Nicopizzi is approved underneath CC BY-SA 4.0.

“The partnership with QuattroR represents a chance and a stimulus for us, to additional consolidate the Team’s expansion trail, maximizing the introduction of worth,” Zanetti, who at 76 years previous stays chairman of MZB Team, mentioned in a statement of the purchase. “Sharing our entrepreneurial values and the mixing of our respective talents will facilitate the success of the Team’s goals.”

Information of the purchase first got here via a document ultimate December from  Italian day by day Corriere del Veneto. Via an interview with Zanetti, the newsletter reported that QuattroR was once injecting €90 million into MZB Team whilst negotiating with collectors — together with Unicredit, BNL, and Intesa Sanpaolo — to buy exceptional debt. In go back, the funding company would obtain balloting rights along with its 50% stake.

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