An affiliate of an Italian beverage company has completed its acquisition of Kauai Coffee Co. operations from Alexander & Baldwin Inc.
The deal, announced in December, involves a subsidiary of Massimo Zanetti Beverage Group buying the Kauai Coffee brand, retaining all employees, leasing the 3,000-acre plantation and distributing the coffee through its global sales channels.
Financial terms of the acquisition weren’t disclosed.
Massimo Zanetti expects to expand recognition of the brand, which will be added to its collection of green coffee operations in Brazil, Costa Rica, Honduras, Vietnam and Indonesia.
“We are excited to welcome Kauai Coffee into our portfolio of prestigious brands,” John Boyle, chief operating officer of Massimo Zanetti Beverage USA, said in a statement. “It’s a wonderful new entry point for us into the growing super-premium coffee segment.
Italian firm assumes operations of Kauai Coffee Co. – Hawaii News – Staradvertiser.com
