Lavazza Group has acquired Mars Inc.’s beverage division in order to expand its presence in the North American market. Financial details weren’t disclosed as both companies are private.
The Mars Drinks division has 900 employees and total sales of US$900 million in 2017. Lavazza, which is based in Turin, Italy, said that the deal will help it expand in the office and coffee vending sector.
The deal is expected to be complete by the end of the year.