Massimo Zanetti Beverage Group’s Brazilian subsidiary has acquired Café Pacaembu Ltda in Brazil.
The Brazilian company is known for the Café Pacaembu brand and owns a production facility in Brazil.
Massimo Zanetti, Group Chairman and Chief Executive Officer said, “Brazil is an interesting market. It is the world’s largest producer and exporter of coffee and the second largest consuming market, with high growth rates. Acquisition of Café Pacaembu will allow our group to seize growth opportunities in Brazil.” Founded in 1957, Café Pacaembu produces ground coffee and single serve coffee.