(VILLORBA (TV), IT/PORTSMOUTH, Va. – November 12, 2015) – Massimo Zanetti Beverage USA (MZB), the North American operating unit of the Italy-based global coffee roaster and marketer Massimo Zanetti Beverage Group, has announced plans to acquire a 25.1 percent minority equity position in Club Coffee of Toronto, Canada, for $25.1 million (CDN), positioning both companies to boost sales growth through market-leading innovations.
The parties anticipate their agreement will enable MZB to expand its reach in Canada and Club Coffee to enhance its U.S. presence. The equity investment is expected to be finalized before the end of this calendar year and is subject to the parties’ successful conclusion of due diligence and other pre-closing conditions.