Today’s announcement is the culmination of the process jointly announced on 23 December 2010. Final terms of the agreement were not disclosed.
“We appreciate the hard work exhibited by all parties during the past few months to bring about the timely completion of this process,” said John Boyle, chief operating officer of Massimo Zanetti Beverage US. “We’re excited to welcome Kauai Coffee into our portfolio of prestigious brands.”
Massimo Zanetti Beverage US is headquartered in Virginia, US, and is a subsidiary of the privately held Massimo Zanetti Beverage Group, the world’s only vertically integrated coffee company.
While the US-based company will oversee operations of Kauai Coffee’s 3,000 acre plantation and processing facilities and market the Kauai Coffee brand globally, the parent Massimo Zanetti Beverage Group will distribute the coffee internationally through its subsidiary system.
Source: Massimo Zanetti Beverage US
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