Massimo Zanetti Beverage Group is an Italian coffee company that owns multiple brands. Massimo Zanetti developed the firm starting in the 1970s after he moved to Bologna and acquired a local company called Segafredo, an historic coffee producer with a fairly well known brand. With turnover of around US$1.2 billion per year, it claims to be the biggest private company in the coffee industry.[1]
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| Company type | Private |
|---|---|
| Industry | Coffee |
| Founded | 1973 |
| Headquarters | Bologna, Italy |
| Products | Coffee |
| Owner | Massimo Zanetti |
| Website | www |
The group
editToday, the Bologna, Italy-based group sells 120,000 tons of coffee annually. The Massimo Zanetti Beverage Group owns more than 20 consumer brands worldwide, including Chock full o'Nuts, Chase & Sanborn, MJB, Hills Bros., Segafredo Zanetti, Meira Oy, Brodies and Tiktak; that span a variety of products from espresso and coffee to tea and spices.
Massimo Zanetti Beverage USA, based in Suffolk, Virginia, is a division of Massimo Zanetti Beverage Group, a privately held, vertically integrated organization that processes, trades, roasts and distributes coffee throughout the world. Kauai Coffee Company LLC, is part of Massimo Zanetti Beverage, USA, Inc., one of the nation's largest coffee roasters, and is a subsidiary of the Italian global coffee company Massimo Zanetti Beverage Group.
Additionally, Massimo Zanetti Beverage Group operates 11 roasting plants globally, has a worldwide distribution network of subsidiaries and authorised dealers in 100 countries; manufactures La San Marco professional bar equipment and espresso machines, and owns a network of over 600 Segafredo Zanetti Espresso cafés worldwide. In May 2014, Massimo Zanetti Beverage acquired Boncafe Group for $US85 million.[2]
In January 2019 the group acquired the Australian The Bean Alliance (a network of brands focused on niches[clarification needed]) and a month later the Portuguese Cafés Nandi, active in the food service.[3] In October 2019 it took over one of the historical names of the paulista coffee, Cafe Pacaembu.[4]
The parent company Massimo Zanetti Beverage Group SpA was listed on the Electronic Share Market managed and organized by Borsa Italiana SpA, STAR segment, from June 2015 to 15 February 2021.
On 29 September 2020, MZB Holding S.p.A., a company controlled by Massimo Zanetti through MZ Industries S.A. promoted a total voluntary takeover bid aimed at delisting Massimo Zanetti Beverage Group SpA which took place on 15 February 2021.[5][6]
On the subject of sustainability, in 2022, Standard Ethics Aei assigned a sustainability rating of 'E+' on a scale of F to EEE in the SE Food&Beverage Sustainability Italian Benchmark.[7]
Brands
edit-
Segafredo
Notes and references
edit- ^ "The Group". Segafredo Zanetti Italia. Retrieved 2008-05-03.
- ^ "MZB Group acquires Boncafe Group in $85m deal". Hotelier Middle East. Retrieved 2017-11-16.
- ^ "Doppia acquisizione estera per Massimo Zanetti Beverage Group" (in Italian). 25 February 2019. Retrieved 4 November 2019.
- ^ "Massimo Zanetti si compra il caffè della tradizione brasiliana" (in Italian). 14 October 2019. Retrieved 4 November 2019.
- ^ "2020". Massimo Zanetti Beverage Group. Retrieved 2021-04-14.
- ^ "Offerta Pubblica di Acquisto". Massimo Zanetti Group (in Italian). Retrieved 2021-04-14.
- ^ Sustainability in the Italian food industry: an in-depth analysis of the SE Food&Beverage Sustainability Italian Benchmark (Report). Standard Ethics. May 27, 2022. Retrieved October 28, 2022.
