Lavazza acquires 80% stake in Kicking Horse Coffee

Lavazza is continuing its global expansion. Following the acquisition of the European companies Carte Noire and Merrild, it has shifted its attention to Canada where it has acquired an 80% stake in Kicking Horse Coffee, market leader in the organic and fair trade coffee segment.

The operation is valued at 142 million euros and will enable the Italian multinational to establish a more prestigious premium position through a company that has notched up double-figure growth in recent years and has excellent development prospects.

This strategic investment will also enable the Turin-based group to strengthen its presence in the key North American market.

In 2016 Lavazza generated revenues of 1.9 billion euros and posted an EBIT of 62 million euros and a positive net financial position of 687 million euros.