Portugal: Massimo Zanetti Beverage Group takes over Nutricafes
The Italian MZB Group (Massimo Zanetti Beverage Group) has purchased 100% of the capital of Nutricafes, one of the main operators in the Portuguese coffee market, for a value of 74.5 million euros. Nutricafes, best known for the trademarks “Nicola Cafe’s’ and ‘Chave d’Ouro’ is the third largest operator in the Portuguese coffee market with a 22% share in Lisbon and about 9% in the rest of the Country, after the Portuguese leader Delta (Nabeiro group) and Nestle’ (owner in Portugal of the Sical, Tofa and Buondi brands). Thanks to this acquisition, the Italian group will strengthen its position in Portugal, where it already operates through its subsidiary Segafredo Zanetti Portugal Sa, with the trademark Segafredo Zanetti that has a 14% market share. Furthermore, as a result of this transaction, Zanetti is poised to exploit the synergies between the Portuguese and Spanish markets so as to become more competitive and efficient in the Iberian market, also thanks to the fact that now it will have a toasting plant in Portugal, with which it can supply its products to both the Portuguese and Spanish markets.
Quebec: Agreement between the Provincial Government and Mecaer Aviation for the production of landing gearAn agreement was signed between the Quebec Government and the Mecaer Aviation Group, an Italian group of highly specialized companies in the aeronautics sectors, for investing 40.4 million Canadian dollars (about 28 million euros) in the Laval area, during a variable time frame of between 5 to 10 years in the sector of the design and production of landing gear. The company, that has been in Quebec since 2000, following the purchase of the local Performance LTE plants, is thus continuing its expansion in North America, the largest world market for this sector.
