Massimo Zanetti Beverage Group, an Italian coffee company, has expanded its presence in Brazil with the acquisition of Café Pacaembu.

Financial details of the deal, executed through Massimo’s Brazilian subsidiary, are yet to be divulged by either company.

Established in 1957, Café Pacaembu operates a modern plant that is engaged in the production of ground coffee and single-serve coffee products.

Zanetti noted that the existing management team, as well as one founding member of the company, will continue to be associated with the company.

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The founding member will ensure the continuity of business operations.

Massimo Zanetti Beverage Group chairman and CEO Massimo Zanetti said: “Brazil is an interesting market: it is the world’s largest producer and exporter of coffee and the second-largest consumer market in the world, with high growth rates.

“The acquisition of Café Pacaembu which, with over 60 years of history, represents the traditional coffee of Brazil, will allow our Group to seize growth opportunities in Brazil.”

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Massimo produces, processes and markets roasted coffee distributed in approximately 110 countries.

Managing different activities from procurement to consumption, the company operates 18 facilities across Europe, Asia and the Americas and through a network of around 400 coffee shops in 50 countries.

In February, Massimo Zanetti Beverage Iberia acquired Portuguese company Cafés Nandi.

Established in 1960, Cafés Nandi is the first Portuguese company to achieve environmental standards by the European Union (EU).

Its production site is situated adjacent to Massimo Zanetti Beverage Iberia’s existing manufacturing site.