Lavazza strengthens coffee pod business in Italy with acquisition | Progresiv

Italian coffee maker Lavazza said it bought 80 percent of Nims, an Italian company specialising in door-to-door distribution and sale of coffee pods and machines.

Lavazza CEO says coffee pods are the fastest growing sector in Italy, adding the acquisitions will allow the roaster to strengthen its presence in this segment.

Padua-based Nims is the fourth acquisition for Lavazza in the last three years.

The Turin-based group, which was already working together with Nims, has agreed to buy the remaining 20 percent of the distributor one year from now.

The companies did not disclose financial details of the deal. Nims reported 2016 sales equal to 110 million euro. (www.reuters.com)