Massimo Zanetti Beverage USA, Inc. has acquired from the Sara Lee Corporation a highly specialized gourmet food service coffee business that MZB hopes will add more than $150 million in annual revenue.
The business is supported by a roasting and packaging facility located in the Borough of Moonachie, Bergen County, N.J., along with a workforce of 115 employees. Terms of the transactions were not disclosed. Masimo Zanetti Beverage USA already operates brands including Chock Full O’ Nuts, Kauai Coffee and Segafredo.
The 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 coffee companies. As a result of this acquisition the group will increase its global coffee production to more than 330 million pounds.