Massimo Zanetti Beverage strengthens its position in Australia

Massimo Zanetti Beverage Group has strengthened its presence in Australia through the acquisition of the business and assets of a group of companies known as “The Bean Alliance” for €14.9 million.

Founded in Melbourne in 1981, The Bean Alliance stands out for the position of its premium brands in the Australian coffee market. Its products are distributed in the main domestic retailer chains and in the local roasted premium channel for coffeehouse chains. In the fiscal year 2017/2018 ended June 30, The Bean Alliance revenues reached AUD 24.5 million and normalised EBITDA was AUD 3.0 million.

The deal is expected to close by the end of January 2019.