date:May 26, 2014
Italian coffee firm Massimo Zanetti Beverage (MZB) has bought entire stake in Boncaf Group, in a deal worth $85m.
The transaction includes the acquisition of the Boncaf roasting plants that are located in Thailand and Singapore.
Through this acquisition, the company is expected to bolster its presence across Indonesia, Vietnam, Cambodia, Singapore, Thailand, Malaysia, Hong Kong and the UAE.
MZB Group president Massimo Zanetti said that the company will now be able to further expand its presen