13th January 2006
Massimo Zanetti, founder and owner of Italy’s Segafredo Zanetti Coffee Group, has announced the purchase of the Sara Lee Corporation’s US retail coffee brands.
AdvertisementThe transaction includes all assets related to the brands Chock full o’Nuts, Hills Bros, MJB, Chase & Sanborn, as well as the coffee manufacturing facility in Suffolk, Virginia, and 103 coffee shops operating under the Chock full o’Nuts name.
The new company, Massimo Zanetti Beverage USA, will be led by chief executive and president Donald McIntyre, who stated: “The management and whole organization are re- energized by this purchase. Under the new company, we now belong to a family with a reputable and long-standing tradition of coffee expertise, driven by the passion to bring only the best coffee from bean to brew.”
The Segafredo Zanetti Group sells 120,000 tons of coffee, with more than 2.5 million bags of green coffee processed per year. The company serves over 70,000 customers in all continents and has an annual turnover of $800 million
13th January 2006
By
Massimo Zanetti, founder and owner of Italy’s Segafredo Zanetti Coffee Group, has announced the purchase of the Sara Lee Corporation’s US retail coffee brands.
The transaction includes all assets related to the brands Chock full o’Nuts, Hills Bros, MJB, Chase & Sanborn, as well as the coffee manufacturing facility in Suffolk, Virginia, and 103 coffee shops operating under the Chock full o’Nuts name.
The new company, Massimo Zanetti Beverage USA, will be led by chief executive and president Donald McIntyre, who stated: “The management and whole organization are re- energized by this purchase. Under the new company, we now belong to a family with a reputable and long-standing tradition of coffee expertise, driven by the passion to bring only the best coffee from bean to brew.”
The Segafredo Zanetti Group sells 120,000 tons of coffee, with more than 2.5 million bags of green coffee processed per year. The company serves over 70,000 customers in all continents and has an annual turnover of $800 million.