Segafredo Zanetti Coffee Group purchases Sara Lee U.S. Retail Coffee
January 12, 2006
by FoodBusinessNews.net Staff
HARRISON, N.Y. — Segafredo Zanetti Coffee Group, based in Bologna, Italy, has purchased the U.S. Retail Coffee brands from Sara Lee Corp. The purchase was concluded on Dec. 5. The transaction includes all assets related to the brands Chock full o’Nuts, Hills Bros., MJB, Chase & Sanborn, corporate brands, the coffee manufacturing facility in Suffolk, Va. and 103 coffee shops under the name Chock full o'Nuts.
The new company, Massimo Zanetti Beverage USA, will be led by its chief executive officer and president, Donald McIntyre.
"The management and whole organization are re- energized by this purchase," Mr. McIntyre said. "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 runs nine roasting plants around the world and boasts a worldwide distribution network of subsidiaries and authorized dealers in about 100 countries, production of professional espresso machines and bar equipment under the La San Marco name, and a network of more than 600 international coffee shops (Segafredo Zanetti Espresso, Puccino's and Chock full o'Nuts).