Italy’s Massimo Zanetti Beverage Group (MZBG) has announced that it will acquire Nutricafés, one of the main players in the Portuguese coffee market, from fund managers MCH PE and Explorer Investments.
The deal is worth a total of €74.5 million and will be financed through new credit lines.
With this acquisition, MZBG will further reinforce its position in Portugal, where its subsidiary has a total market share of 14 per cent. In addition, MZBG expects to realise synergies in Portugal as well as in Spain and will also acquire a production plant in Portugal, which will provide products to both the Portuguese and Spanish markets.
The closing should take place in September.
Nutricafés is the 3rd largest operator in the Portuguese coffee market and with a 9 per cent market share across Portugal.
Massimo Zanetti Beverage Group is a leading company in the production, processing and marketing of roasted coffee and other selected categories of colonial products, distributed in about 110 countries.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
