Brazil

Massimo Zanetti Beverage Group has entered into an agreement to buy leading Brazilian coffee roaster Cafe Damasco, based in Curitiba, Brazil.

The purchase is expected to complete by the end of December.

The purchase will see Massimo Zanetti becoming Brazil’s fourth largest coffee company. It will market over 3 million bags of green coffee globally every year.

Cafe Damasco owns several brands including Bom Tai, Pacheco e Palheta, Copacabana, Maracana and Negresco.

Massimo Zanetti Beverage Group is a privately-held, vertically integrated organization that grows, processes, trades, roasts and distributes coffee throughout the world. The Massimo Zanetti Beverage Group owns more than 20 prodcuts including espresso, coffee, tea and spice consumer brands worldwide, including Chock full o’Nuts, Hills Bros., Segafredo Zanetti Espresso, Meira, Brodies and Tiktak.